Kerry: Wash will not penalize European banks resume their trade relations with Iran
Kerry: Washington will not penalize European banks resume their trade relations with Iran in draft form May 12, 2016
Colin John Kerry said during a meeting with a number of senior bankers in London on Thursday that the United States would not punish European banks to resume trade relations with Iran.
Kerry said during a meeting with executives of bankers he doesn't blame on banks being legal activities with Iran in a bid to allay the concerns raised after former fines on banks that violated sanctions.
The United States and Europe had increased the penalties for Tehran in January under an agreement with Iran to curb its nuclear program, but other u.s. sanctions remain, including banning dollar transactions related to Iran through the us financial system.