17:40 GMT +323 September 2017
Live
    World cities. Tehran

    'Outstanding': Iran Expects to Get Over $26Bln in Loans as Result of Nuke Deal

    © Sputnik/ Vladimir Fedorenko
    Business
    Get short URL
    0 42710

    The head of the Iranian Central Bank praised the "outstanding result" of the nuclear deal allowing the country to receive major loans from foreign states.

    MOSCOW (Sputnik) — Iran will receive some 22 billion euros ($26.2 billion) in loans from several countries in the next few days, Central Bank of Iran Governor Valiollah Seif said Wednesday.

    "Austria, Denmark, Italy and some other countries will open a 22-billion-euro line of credit for Iran in coming days," Seif said, as quoted by the ISNA news agency.

    Seif noted that a separate eight-billion-euro line of credit had been signed with South Korea recently.

    "These lines of credit will led to further investment and a rise in production and employment in Iran. Iran would have never obtained these outstanding achievements, if the nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) was not signed," Seif stressed.

    In July 2015, Iran, the European Union and the so-called P5+1 group of nations, comprised of the United States, Russia, France, Germany, the United Kingdom and China, signed the JCPOA, also known as the Iranian nuclear deal, which implies the lifting of nuclear-related sanctions on Iran in exchange for assurances that Tehran’s nuclear program remains peaceful.

    However, the United States introduced new sanctions on Iran over its ballistic missile program this year, prompting Tehran's criticism.

    Earlier this month, Iranian President Hassan Rouhani warned that Tehran may pull out from the nuclear deal if the United States continues its policy of sanctions against Tehran.

    Related:

    Anti-Iran Sanctions: 'US Tool to Provoke Tehran Into Ripping Nuclear Deal Up'
    Russia Trying to Convince US to Continue Implementing Iran Nuclear Deal
    Iran's Threat to Pull Out of Nuclear Deal a 'Crystal Clear Message to the US'
    Why Withdrawal From the Nuclear Deal Is 'Not in the Interests' of Iran
    Tags:
    Iranian nuclear program, loans, United States, Iran
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment