Economy

Washington’s Anti-Iran Efforts Are Because US Doesn’t See Itself Beneficiary

Iran says efforts by countries to expand post-sanctions trade ties with it are being hampered by the United States because Washington does not see itself as a beneficiary of the re-opening of the Iranian business environment.

Valiollah Seif, the chancellor of the Central Bank of Iran (CBI), said this has made the US behave differently from other parties involved in a nuclear deal they signed with the Islamic Republic last year.

The deal between Iran and the five permanent members of the Security Council plus Germany – the so-called P5+1- came into effect in January. It envisages certain steps by Iran to limit its nuclear energy activities in return to moves by the P5+1 to lift certain economic sanctions against the country.

“The P5+1 want to increase the level of their trade activities with Iran after the implementation of the deal,” Seif told a top Chinese banking delegation.

“They are interested in using the opportunities that investing in Iran provides them so as to have a stronger access to regional markets.”

This is while, he said, the US is not interested in the prospects for the expansion of trade ties between Iran and other countries, particularly its own peers in the P5+1.

The US maintains a series of primary sanctions against Iran which are effectively discouraging businesses from approaching Iran over fears that they may face hefty fines by Washington.

At the heart of punitive measures still in place by the US are strong restrictions against dollar-based transactions involving the Islamic Republic.  This has already prompted complaints from Tehran as a manifestation of how America is failing to properly implement its share of the nuclear deal with Iran.

IFP Media Wire

Reports and views published in the Media Wire section have been retrieved from other news agencies and websites, and do not necessarily reflect the opinion of the Iran Front Page (IFP) news website. The IFP may change the headlines of the reports in a bid to make them compatible with its own style of covering Iran News, and does not make any changes to the content. The source and URL of all reports and news stories are mentioned at the bottom of each article.

Recent Posts

Official: Swiss national accused of espionage commits suicide in Iran’s Semnan prison

The head of the Semnan Judiciary announced that a Swiss national detained on espionage charges…

51 minutes ago

Siberian gulls bring winter charm to Shiraz, southern Iran

With the arrival of winter, Siberian seagulls of the kakayi species have migrated to Iran’s…

54 minutes ago

Lebanon’s parliament elects Joseph Aoun as president

Lebanon’s army chief Joseph Aoun has been elected as the country’s president after a second…

1 hour ago

Gaza death toll surges past 46k

At least 70 more Palestinians were killed in relentless Israeli attacks in the Gaza Strip,…

1 hour ago

Iranian border guard killed in clash with drug traffickers in Sistan and Baluchestan

An Iranian border guard officer was killed during an armed confrontation with drug traffickers in…

5 hours ago

Iran’s newest suicide drone unveiled

The Islamic Revolution Guard Corps (IRGC) has showcased its latest loitering munition suicide drone, "Rezvan",…

5 hours ago