Thursday 24 March 2016

US not discouraging foreign companies from doing business with Iran: negotiator | GulfNews.com

US not discouraging foreign companies from doing business with Iran: negotiator | GulfNews.com:

"The United States has not discouraged foreign companies from doing business with Iran following the lifting of nuclear sanctions in January, a US negotiator who worked on the deal said on Wednesday.

Two months on after the deal, companies have been slow to enter Iran, with many believed to be shying away out of fear of falling afoul over other sanctions that have not been removed. There is also perceived ambiguity over what transactions are now allowed.

But Chris Backemeyer, the negotiator, said it comes as no surprise that companies are taking their time, citing the need for risk evaluation and due diligence. He said the US has been clear on its position and has made it known what sanctions have been lifted."



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