(New York Times) Thomas Erdbrink - Three months after the lifting of many sanctions against Iran, European banks are refusing to finance any new deals, wary of running afoul of sanctions imposed by the U.S. over Iran's missile program and its sponsorship of terrorism. Europeans also point to new American visa regulations that make it more difficult for them to enter the U.S. if they have traveled to Iran. U.S. officials say - and most European experts agree - that it is not only the sanctions that are blocking Iran's access to the American financial system but also Iran's failure to update laws governing money laundering and prohibitions against the financing of terrorism.
2016-04-22 00:00:00Full ArticleBACK Visit the Daily Alert Archive