The Iran-related difficulties of the banking system operating in Armenia are not related to the activities of any state department; the reason is the concerns of private companies.

The Acting Prime Minister of Armenia, Nikol Pashinyan, on Saturday noted the aforementioned while responding to journalists’ questions, in Vanadzor.

He said they had informed the banks in Armenia that the US government sees no problem in terms of remittances by way of private individuals. But, as per Pashinyan, since banks are private companies, they are careful so as not to be “blacklisted.”

Nonetheless, the acting PM noted that the Armenian government continues to engage in dialogue with these banks to explain to them that if no sanction is imposed on a specific person, it is unnecessary to limit his banking activities.

“They [the banks] ask us: ‘If we go for some operations and have financial problems, will you recompense for our problems? Obligate yourselves to recompense for our problems, and we will operate without worries,’” Pashinyan said. “But you understand that the state can’t assume some uncertain and unknown obligations there.”