John Kerry says foreign banks should “feel free to deal with Iran”

US Secretary of State John Kerry said on Saturday that the USA is not seeking to prevent Iran from dealing with banks outside the US, that he wanted to address the “confusion” among some foreign banks, and that foreign banks should now “feel free to do business with Iran”.  He said if banks have questions about the remaining sanctions targeting Iran’s missile program and sponsorship of militant groups “they should just ask”.  US officials are hosting events around the world, with the intention of helping businesses understand the sanctions regimes they still need to navigate in order to do business with Iran (see previous blog). Iran’s Supreme Leader Ayatollah Ali Khamenei said that sanctions on Iran had been lifted on paper only, because the US creates “Iranophobia so no one does business with Iran” in spite of the JCPOA.

This entry was posted in Iran, USA by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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