Iran banking restrictions in China nothing to do with US sanctions: Envoy

Beijing, Aug 11, IRNA – In reaction to some banking limitations created for Iranian residents in China, Iran ambassador to China said restrictions have nothing to do with US recent sanction against Iran.

Chinese government has recently changed internal regulations and put some limitations to create transparency and to fight money laundering, Ali Asghar Khaji told Islamic Republic News Agency (IRNA) on Friday.

The mentioned monitoring and limitations is not only for Iranian resident but it is for all countries' nationals in China.

He went on to say that Iranian firms' banking accounts have been blocked only in Yiwu city in which many economic activities are underway.

US Senators on July 27 voted 98-2 on a bill, which would give Congress the ability to block American President Donald Trump from lifting the Russia sanctions. It also includes new penalties against Iran and North Korea.

Sens. Rand Paul and Bernie Sanders voted against the bill, with Sanders saying on Twitter that 'following Trump's comments that he won't recertify Iran’s compliance with the nuclear agreement I worry new sanctions could endanger it.'