Minister: UK working to resolve banking concerns to boost Iran trade

By REUTERS
November 2, 2016 11:32

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

LONDON - Trade is growing between Britain and Iran and the government is working to resolve banking sector concerns which are limiting its further expansion, British trade minister Liam Fox said on Wednesday.

Despite the removal of international banking restrictions in January, Tehran has secured ties with only a limited number of smaller banks as US sanctions remain in force and large foreign institutions still fear potential fines."Slowly but with increasing enthusiasm, British companies are starting to do business with Iran again ... we are seeing the first signs of growing trade between the UK and Iran," Fox told a City and Financial Global conference.



"The banking sector's ongoing concerns about facilitating payments or providing financial services means that the benefits of sanctions relief are not yet being fully realized, resolving these problems remains a priority for this government."

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
March 22, 2019
May might not bring Brexit deal to parliament for third time

By REUTERS