Iran has settled almost all outstanding debts under credits arising due to sanctions

Almaty. June 17. Silkroadnews – Iran has settled almost all the debts on credit lines, arising from the freezing of the country’s accounts during the sanctions, Trend reports.

“During the sanctions period we did not have a free access to the international markets. However, after the sanctions removal, we hope to start get involved in the international banking and practices again,” General Director of International Cooperation Department of the Iranian Central Bank, Hussein Yaqubi-Miyab said.

According to him, immediately after the sanctions removal Iran turned to a number of European banks to get the accounts unfrozen.

“As for the credit lines that Iran could obtain after the sanctions removal, we have started settlements on the accounts payments through which were delayed and by now have settled almost all of delays,” he added.

Speaking on cooperation between Russia and Iran in the banking sector, Yaqubi-Miyab has noted that, despite a number of important projects, “there are still some problems remaining”.

“During the sanctions period I saw the Russian banks helped the banking sector of Iran. But after the sanctions removal, after the implementation of the joint comprehensive action plan, this assistance got weakened as we observed,” he said.