Iran Seeks EU Support In Accessing US Banks

Iran says that failure by the US and European Union (EU) to honor the terms of the Joint Comprehensive Plan of Action (JCPOA) is hampering its efforts at economic growth.

Despite the majority of sanctions being lifted on 16 January, Iranian officials maintain that some foreign banks are steering clear of transactions with Iran on fears that they might fall foul of remaining US sanctions.

Iran has turned to the EU to secure improved terms for Iranian banks seeking to access the US banking system, during a visit to Tehran of a delegation led by EU foreign policy chief Frederica Mogherini which started on 16 April. It is unlikely that Iran expects to achieve significant concessions and it is likely playing to its domestic audience. (CONTINUED - 647 WORDS)