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    Central Bank of Iran, Tehran

    Kerry: World Banks May Do Business With Iran Under Nuclear Deal Terms

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    International banks may do business with Tehran under the terms of the Iran nuclear deal, US Secretary of State John Kerry said.

    WASHINGTON (Sputnik) — Under the terms of the Joint Plan of Comprehensive Action (JCPOA) deal on Iran’s nuclear program, international banks can do business with Tehran, US Secretary of State John Kerry said after meeting with his British counterpart and banking representatives in London on Thursday.

    "We want to make it clear that legitimate business, which is clear under the definition of the agreement, is available to banks," Kerry stated. "As long as they do their normal due diligence and know who they’re dealing with, they’re not going to be held to some undefined and inappropriate standard here."

    In July, Iran and six world powers, including the United States and Russia, signed the JCPOA agreement whereby Tehran agreed to dismantle aspects of its nuclear program to ensure it is used for peaceful purposes in exchange for sanctions relief.

    Reports have indicated that European banks are still hesitant to do business with Iran for fear of violating US and international sanctions.

    Kerry emphasized that Iran expects the international community to implement its end of the agreement and lift sanctions, including those on banking.

    Topic:
    Iran Nuclear Deal: Hope for Peaceful Future (163)

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    sanctions, Iran Nuclear Agreement Act, John Kerry, Iran, United States
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