Govt. Spokesman: No Oil Co. Subject to Banking Sanctions

Government spokesman Mohammad-Baqer Nobakht says no oil contractor and company in Iran is subject to sanctions by Iranian banks presently.

Addressing a press conference, Nobakht said Iran does not recognize unjust sanctions.

Nobakht said government of Iran does not recognize any of the sanctions issued by the ill-wishers against Iranian nation.

“If a real or legal entity and an institution is still subject to sanctions of foreign companies and countries on non-nuclear reasons, we do not admit it. However, if the company wishes to open LC with foreign party, the foreign company many not accept LC but the company and contractor inside the country does not face any restriction.”

Asked about protests to such contracts as FATF or oil contracts, Nobakht said there are certain groups who protest oil contracts even if they are repeatedly told the contracts are amended.

(Source: Shana)

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