Iran sees foreign firms returning if U.S. lifts sanctions

  • World
  • Tuesday, 24 Nov 2020

FILE PHOTO: An Iranian flag flutters in front of the United Nations headquarters in Vienna June 17, 2014. REUTERS/Heinz-Peter Bader/File Photo

DUBAI (Reuters) - Iran expects foreign companies to return to the country if U.S. sanctions are lifted under President-elect Joe Biden and some firms have made initial contacts already, Iranian government spokesman Ali Rabiei said on Tuesday.

Major foreign companies left Iran after U.S. President Donald Trump two years ago abandoned Iran's 2015 nuclear deal with world powers and restored economic sanctions.

Washington has since blacklisted dozens of foreign companies accused of cooperating with Iran.

"Recently, contacts about opening offices and the presence of foreign companies in Iran have increased," Rabiei told a news conference that was streamed live on a government website.

Rabiei said companies which did not leave Iran despite sanctions could be given more opportunities in the future. He did not name any of the firms.

"Some are considering reopening offices, but some companies... never closed down completely. These companies will definitely have more opportunities to operate," Rabiei said.

"...Certainly, with the... lifting of the oppressive sanctions and the absence of Trump, the presence of foreign companies and a willingness to invest in Iran will increase."

Biden has pledged to rejoin the 2015 accord, agreed by Washington when he was vice president, if Iran also returns to compliance.

But diplomats and analysts have said this was unlikely to happen overnight as the distrustful adversaries would both want additional commitments.

(Reporting by Dubai newsroom; Editing by Nick Macfie)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Did you find this article insightful?


Next In World

AstraZeneca says reports COVID-19 vaccine efficacy is low in elderly are incorrect
Biden says U.S. concerned about Russia treatment of Navalny
Lithuania tightens COVID-19 restrictions for travelers amid fears over new strain
Cuba sees 567 daily COVID-19 cases
2nd LD Writethru: California lifts regional stay-at-home order for all regions
WHO official warns of continued transmission of coronavirus even after wide vaccinations
U.S.-listed Chinese firms trade mostly higher
Vaccination key to economic recovery, says Brazilian minister
U.S. stocks end mixed in choppy trading
Roundup: Multilateralism, green economy focus of first-day virtual Davos Agenda meeting

Stories You'll Enjoy