{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Kerry tries to reassure nervous European banks on trade with Iran' data-url='/boclips/videos/6878fc1268f2517d67876d50' data-video-url='/boclips/videos/6878fc1268f2517d67876d50' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nKerry tries to reassure nervous European banks on trade with Iran\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eThe US Secretary of State John Kerry has said European banks have nothing to fear from resuming business with Iran now that some sanctions have been lifted. At a meeting in London with top bankers – including from Barclays, HSBC,...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eThe US Secretary of State John Kerry has said European banks have nothing to fear from resuming business with Iran now that some sanctions have been lifted.\u003cbr/\u003e\u003cbr/\u003e At a meeting in London with top bankers – including from Barclays, HSBC, Standard Chartered and some European lenders – Kerry sought to reassure them saying they only have to make proper checks on trade partners and pursue “legitimate business”.\u003cbr/\u003e\u003cbr/\u003e Reportedly about 10 executives from leading European banks took part in the meeting, along with British Foreign Secretary Philip Hammond, the Secretary of State for Business Sajid Javid and Norman Lamont, trade envoy to Iran.\u003cbr/\u003e\u003cbr/\u003e  Secretary JohnKerry and British FM PHammondMP meet with European bank \u003ca href='https://t.co/Mjt32kgU3e' target='_blank' rel='nofollow'\u003eleaders\u003c/a\u003e pic.twitter.com/AwXsIrO0MN— Department of State (@StateDept) May 12, 2016\u003cbr/\u003e\u003cbr/\u003e European banks remain sceptical it is now safe for them to restore trade ties with Iran and have largely held back.\u003cbr/\u003e\u003cbr/\u003e One problem is that the banks fear legal business could be retroactively made illegal if sanctions are re-imposed.\u003cbr/\u003e\u003cbr/\u003e In addition many state laws still ban pension groups and funds from investing in overseas companies that do business in Iran.\u003cbr/\u003e\u003cbr/\u003e Banks nervous, Tehran blames US\u003cbr/\u003e\u003cbr/\u003e Lenders including BNP Paribas, HSBC and Standard Chartered have paid out billions of dollars in fines to resolve allegations of past sanctions-busting.\u003cbr/\u003e\u003cbr/\u003e Standard Chartered said after the meeting: “Will not accept any new clients who reside in Iran, or which are an entity owned or controlled by a person there, nor will we undertake any new transactions involving Iran or any party in Iran”.\u003cbr/\u003e\u003cbr/\u003e Ayatollah Ali Khamenei, the most powerful figure in Iran, has also blamed the United States for delays in the resumption of trade.\u003cbr/\u003e\u003cbr/\u003e “The US Treasury… acts in such a way that big corporations, big institutions and big banks do not dare to come and deal with Iran,” Khamenei said in March.\u003cbr/\u003e\u003cbr/\u003e The United States and Europe lifted sanctions in January under a deal with Iran to limit its nuclear programme, but other US sanctions remain, including a ban on Iran-linked transactions in dollars being processed through the US financial system.\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan 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