Iran introduces banks, institutes West should strike off from list of sanctions

Hamid Baeidinejad (pic) heads Iran’s expert-level nuclear negotiating team.

TEHRAN (FNA)- Iranian Deputy Foreign Minister for Political Affairs Hamid Baeidinejad introduced the list of banks and institutes that the West should remove from its list of sanctions as part of the interim nuclear deal struck between the two side in Geneva in November.

The Iranian foreign ministry set up a secretariat monitoring implementation of the nuclear deal. Baeidinejad is administering the secretariat, the Islamic republic news agency reported.

He said that the first meeting of the secretariat was held in presence of representatives of eight ministries adding that he provided the participants with list of the banks and institutes assigned by executive panel of the nuclear deal comprised of the US and European sanctions experts.

Baeidinejad said that new opportunities were provided in various fields, including oil, petrochemicals, exports and imports of food supplies, medicine, airplane and auto parts, smooth running of banking operations and transactions by the financial institutes.

He said that easing sanctions created an opportunity for trade and business deals calling for coordination of the ministries with the secretariat to ensure success of the banking transactions.

On November 24, Iran and the world powers sealed a six-month Joint Plan of Action to lay the groundwork for the full resolution of the West’s decade-old dispute with Iran over its nuclear energy program. In exchange for Tehran’s confidence-building bid to limit certain aspects of its nuclear activities, the Sextet of world powers agreed to lift some of the existing sanctions against Tehran and continue talks with the country to settle all problems between the two sides.

Then after several rounds of experts talks on how to enforce the agreement, Iran and the six major world powers finalized an agreement on ways to implement the deal.

On Monday, a confidential report by the International Atomic Energy Agency (IAEA) said that Iran has halted its 20-percent enrichment activity under a ground-breaking deal struck with the six world powers in Geneva late in November, paving the way for the easing of some western sanctions against Tehran.

By Fars News Agency


The Iran Project is not responsible for the content of quoted articles.