May 10, 2016

Asian and European banks are still shunning Iran — and Tehran blames the U.S.

Featuring Elizabeth Rosenberg

Journalist Carol Morello

 

Iran’s long isolation from the global financial system, continuing sanctions and its own practices, such as arresting foreign businessmen as suspected spies, are hampering its ability to benefit more from a groundbreaking nuclear deal, according to current and former U.S. officials and Iran scholars.

Although the number of business deals has slowly increased since nuclear-related sanctions were lifted in January, large banks in Europe and Asia have balked at financing major projects in Iran.

The reasons for Iran’s financial and investment problems are multifaceted, but Washington and Tehran blame each other.

 

To read the full article, visit the Washington Post website. 

  • Elizabeth Rosenberg

    Senior Fellow and Director, Energy, Economics and Security Program

    Elizabeth Rosenberg is a Senior Fellow and Director of the Energy, Economics and Security Program at the Center for a New American Security. In this capacity, she publishes an...