Categories: EuropeFinanceForeign PolicyIFP ExclusiveSelectedTranslated by IFP

Any Request for Banking Guarantees in Ties with Europe Is Nonsense: Official

A senior Iranian official has dismissed a recent report that European banks had asked Iran to provide guarantees to compensate for possible future penalties imposed by the US for resuming banking activities with Iran. Text from IRNA, translated by IFP.

Certain Iranian media outlets earlier claimed that European banks had set preconditions for resuming banking ties with Iran.

“It is nonsensical to talk about guarantees in banking transactions,” Iranian Deputy Foreign Minister Majid Takht-Ravanchi said on whether European banks had spoken of any guarantee for resuming ties with Iranian partners.

“This has nothing to do with Iran… The two sides try to contact each other and work together. If the cooperation is economically suitable, they will pursue it, and if not, they won’t,” he told.

“In these fields, only the economic components are considered. Any request for such guarantees is nonsense.”

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