Iran's Supreme Leader says the US lifted sanctions only 'on paper'

DUBAI (Reuters) - The United States has only lifted Iranian sanctions on paper and in practice is scaring businesses away from the country, its Supreme Leader Ayatollah Ali Khamenei said on Wednesday.

"On paper the United States allows foreign banks to deal with Iran, but in practice they create Iranophobia so no one does business with Iran," Khamenei was quoted as saying by his official website, addressing hundreds of workers in Tehran.

"The U.S. official says the sanctions regime is still in place to scare away the foreign investment from Iran."

The deal with world powers allowed for the easing of some sanctions in return for Tehran curbing its nuclear program. Iran has previously called on the United States to do more to remove obstacles in the banking sector. Read more...

(Reporting by Bozorgmehr Sharafedin; editing by John Stonestreet)

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Source: businessinsider.com

Image credit: Office of the Iranian Supreme Leader via AP