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Thursday, 27 October 2016

Iran accuses Europe of not fully supporting nuclear deal

Iran accuses Europe of not fully supporting nuclear deal:

"A senior Iranian official has accused European governments of not being fully committed to implementation of a nuclear deal with Iran, blaming them for stymieing investment into the Islamic republic.

Asghar Fakhrieh Kashan, deputy transport minister, told the Financial Times that European financing agencies were failing to support businesses keen to invest in the oil-rich country. Export credit agencies were demanding premiums on insurance that made banks insist on putting “unacceptable” terms in contracts related to political risk, he said.

“Iran will not accept any clauses in trade agreements which insert political risks alongside commercial risks,” said Mr Kashan, who is involved in Iran’s negotiations over multibillion-dollar deals with Boeing and Airbus. “This is where European countries are failing to be committed to the nuclear agreement. One of the main reasons the signing of contracts in various sectors has been delayed is this issue.”"



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