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.”

 

For more news and views on this story, see:

Javan: European Banks Demand $15bn from Iran

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Share
Published by
IFP Editorial Staff

Recent Posts

IRGC navy chief warns against foreign presence in Persian Gulf

Rear Admiral Alireza Tangsiri, Commander of the IRGC Navy, has warned that the presence of…

1 hour ago

Motion to impeach Iran’s minister of roads, urban development gains momentum in Parliament

More than 40 Iranian lawmakers have signed a motion to impeach the Minister of Roads…

2 hours ago

Golden fields of Khuzestan: Iran’s breadbasket begins bountiful wheat harvest

Farmers in Iran’s southern Khuzestan province have started harvesting wheat across 754,000 hectares of farmland,…

2 hours ago

US senator calls on Princeton to take action over professor accused of pro-Iran allegiances

Texas Republican Sen. Ted Cruz has urged his alma mater, Princeton University, to dismiss a…

2 hours ago

Parliament speaker slams Israel’s threats as ‘delusional’ rhetoric to derail US talks

Iranian Parliament Speaker Mohammad Baqer Qalibaf has stated Tehran does not take seriously Tel Aviv's…

4 hours ago

EU fears Trump will abandon Ukraine: FT

EU officials are worried that US President Donald Trump could be on the verge of…

4 hours ago