BREAKING NEWS

Afghanistan won't heed US sanctions on Iran firms

By REUTERS

SEPTEMBER 3, 2012 14:43

KABUL - Afghanistan's Chamber of Commerce said on Monday it would not heed any calls from the United States to halt some business conducted with neighboring Iran, saying abiding by US sanctions would stifle its already suffering economy.

A US Treasury delegation met officials from the Afghan central bank, private banks and other private businesses last week in Kabul, and urged them to not conduct business with Iranian firms with Western sanctions, the Afghan Chamber of Commerce said.

"There hasn't been a direct warning from the US...but if an official request comes from the US government I am sure the Afghan government will be clear in its quick reaction against it," said the chamber's vice chairman, Khan Jan Alokozai.

Despite a shaky political relationship, impoverished Afghanistan relies heavily on Iran for food, energy and other goods. Trade with Iran is worth about $2 billion a year.

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