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Blacklisting CBI chief,sign of US disrespect for int'l norms

On May 15, the US treasury department announced that it has unilaterally imposed sanction against Governor of Central Bank of Iran. It came after US President Donald Trump announced on May 18 Washington's withdrawal from the 2015 Iran nuclear deal with six world powers known as the Joint Comprehensive Plan of Action (JCPOA) and re-imposition of sanctions against the country.

Given the unilateral behavior of the US administration and its frequent breaches of its obligations under international agreements, its recent decision (to blacklist Seif) did not come as a surprise, the CBI statement said.

The statement accused the US administration of trying to exert pressure on Iran and create a negative psychological climate against Iran's banking system on the international scene under cover of campaign against terrorism and its financing without offering any documented evidence.

The US treasury department ignores not only the basic principles of the international laws but also the CBI's performance and its role in bringing about domestic and international monetary stability and its international obligations stemming from its membership in international organizations such as International Monetary Fund, the statement said.

Leaders of the EU Member States in their May 16 summit in Sofia, Bulgaria reiterated that they would support cooperation between European firms and Iran.

The European Commission announced in a statement on May 18, it will launch the process of activating a law that bans European companies and courts from complying with US sanctions against Iran after Washington pulled out of the landmark 2015 nuclear deal.

Jean Claude Juncker, president of the European Commission, said on Thursday the commission has a 'duty to protect European companies' from American sanctions.

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