French economy minister urges better banking ties with Iran
By Trend
Michel Sapin, French Minister of the Economy, Finance and Industry, has said his country is willing to push for facilitating banking ties with Iran.
Meeting with his Iranian counterpart Ali Tayyebnia, Sapin said
that normal banking relations are necessary for the two countries
to have powerful economic ties, ISNA news agency reported March
5.
“In the past few months Iran-France relations have much developed
and there have been projects and contracts that have been signed.
But, money transfers should be normalized. Although it cannot be
done in one day, it is our goal and desire.”
French companies have been among the European business entities that swarmed Iran after the Islamic Republic was set free of sanctions in 2016.
However, major world banks have been reluctant to normalize their relations with Iran, fearing punishment by the US.
US President Donald Trump’s statements rejecting the nuclear deal between Iran and six world powers which led to the removal of the sanctions has made foreign banks more cautious in approaching Iran.
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