A member of the presiding board of the Netherlands-Iran Chamber of Commerce says the amount of Iran’s blocked funds in EU countries is very lower than other countries and he can point to $1.7b of the funds blocked in Luxembourg.
In the aftermath of sanctions removal as a result of Iran's nuclear deal with world powers –formally known as the Joint Comprehensive Plan of Action–the administration of President Hassan Rouhani has signed bilateral investment protection agreements with six countries, including Russia and Japan.
Finance Minister Ali Tayyebnia and Luxembourg Foreign Minister Jean Asselborn signed an agreement on Monday for mutual encouragement and supporting investment to guarantee capitals of the economic activists of the two countries working in Iran and Luxembourg.
