French FM: ‘Concrete’ Guarantees Needed by US on Iran Sanctions

TEHRAN (Tasnim) – French Foreign Minister Laurent Fabius said the United States must deliver “concrete” guarantees to ensure European firms would not be subject to penalties once anti-Tehran sanctions are lifted.

French FM: ‘Concrete’ Guarantees Needed by US on Iran Sanctions

"The attitude of the Americans is cooperative, but now we want that to be turned into something concrete so that the same thing doesn't happen again," Fabius told lawmakers on Tuesday ahead of next week's visit by Iranian President Hassan Rouhani to France, referring to Washington’s last month caution against rushing to invest in Iran.

He said that since the nuclear talks, two missions with French, British and German representatives had visited the United States to discuss the issue.

The minister said his visit to Iran and that of a delegation of French business lobby group Medef had aimed to nurture ties and prospective contracts, but for those to move ahead companies would need financing from French banks.

Following the recent nuclear deal between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, foreign business executives and financial bodies are shuttling to Iran to lay the groundwork for investment and trade.

The comprehensive nuclear deal between Iran and the six powers would terminate all nuclear-related sanctions imposed on Iran after coming into force.

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