Renewed Nuclear Deal Offers Hope to Iran's Fragile Economy

Talks on nuclear deal with Biden administration couldn't come soon enough for the country beset by raging COVID-19 and sanctions, but a questionable pact with China could provide Iran an alternative route

A photo of Dr. Zvi Bar'el.
Zvi Bar'el
Send in e-mailSend in e-mail
A photo of Dr. Zvi Bar'el.
Zvi Bar'el

Iranian President Hassan Rohani recently asked his country’s Assembly of Experts to prepare legislation that would enable Iran to meet the terms of the Financial Action Task Force, the intergovernmental organization established to combat money laundering.

Rohani appears to believe that U.S. President Joe Biden inauguration signals the beginning of the end of the sanctions on Iran. He also seems to believe and that it would behoove Iran, in an effort to avoid additional delay and to remove barriers to foreign investment, to make preparations, at least when it comes to legislation – which takes a relatively long time to enact.

Comments