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EU Encouraging Business, Banks to Boost Cooperation With Iran - Mogherini

© AP Photo / Burhan OzbiliciEuropean Union's Foreign Policy Chief Federica Mogherini
European Union's Foreign Policy Chief Federica Mogherini - Sputnik International
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The European Union is cooperating with financial institutions and business community of the 28-nation bloc to encourage them to run business in Iran, EU High Representative for Foreign Affairs and Security Policy Federica Mogherini said Tuesday.

A picture taken on January 18, 2016 shows vehicles driving on a street in front of the Azadi Tower in the capital Tehran - Sputnik International
Iran’s Membership in Eurasian Economic Union May Serve as 'Economic Bridge'
MOSCOW (Sputnik) — According to the EU foreign policy chief, trade between the European Union and Iran showed a 22-percent increase in January-April 2016.

"We are very actively engaging with the business community and with the banks in Europe and elsewhere outside of Europe to encourage engaging in Iran," Mogherini said at a press conference in Oslo.

Tehran began stepping up international trade and investment cooperation after reaching a historic deal on its nuclear program to ensure its peaceful nature in exchange for the suspension of international anti-Iran sanctions, in particular on its oil sector, in July 2015.

In mid-January, the sanctions were removed after the International Atomic Energy Agency verified the Islamic republic’s compliance with the nuclear agreement.

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