Top Iranian, Austrian bankers to meet in Vienna Wednesday: Report

TEHRAN (Tasnim) – Senior Iranian and Austrian bankers are planned to meet in Vienna on Wednesday to discuss resumption of trade financing, a report said.

The meeting will take place at the Austrian central bank after the governors of the two nations’ central banks, Valiollah Seif and Ewald Nowotny, met on Tuesday, Bloomberg reported on Wednesday.

Austria’s top three banks Erste Group Bank AG, UniCredit Bank Austria AG and Raiffeisen Bank International AG will be among the participants.

Raiffeisen has been looking into the option of reopening its office in Iran, Chief Executive Officer Karl Sevelda said in back in January.

Earlier, Seif had said that the US claims it is encouraging banks to do business with Iran but at the same time scares them away by threatening them with punitive measures if they approach the Iranian market.

While the Joint Comprehensive Plan of Action (JCPOA), a 159-page nuclear agreement between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) came into force in January, some Iranian officials complain about the US failure to fully implement the accord.

Back in March, Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei said Americans have yet to fulfill what they were supposed to do as per the nuclear deal.

Iran still has problems in its banking transactions or in restoring its frozen assets, because Western countries and those involved in such processes are afraid of Americans, the Leader said at the time, criticizing the US for its moves to prevent Iran from taking advantage of the sanctions removal.

By Tasnim News Agency