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Jarrett Blanc, the deputy of lead coordinator for the nuclear agreement implementation Stephen D. Mull, pointed to recent reports on a US plan to relax financial restrictions on Iran and said the government cannot order banks to take actions that they view as risky, al-Monitor reported.
He made the remarks on Tuesday during the Europe-Iran Forum in Zurich.
In the meantime, George Kleinfeld, a lawyer and sanctions expert at the Clifford Chance law firm in Washington, made a speech during the event and urged the US Treasury’s Office of Foreign Assets Control (OFAC) to issue “a general license that would permit foreign financial institutions to involve US-person employees” in legal Iran-related business by non-US banks.
US media had reported earlier that the Obama administration was mulling over a plan to relax financial restrictions that ban US dollars in trade with Iran.
It is believed that Washington suddenly reversed its decision after a number of US lawmakers expressed concerns over this, arguing that “Tehran would be getting more than it deserves” from last year’s nuclear accord.
This is while Iran has said it is not interested in dealing with dollar and has switched to euro in its foreign trade.
Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) reached a nuclear deal on July 14, 2015 and started implementing it on January 16.
The comprehensive nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran, but the country is not getting the full economic fruits of the landmark deal yet.
Tasnim News Agency - economy