Azerbaijan rules out new restrictions on Bank Melli Iran despite sanctions

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Azerbaijan's Central Bank has no plans to add new restrictions on the Baku branch of Iran's Bank Melli, even though the Iranian bank remains under US sanctions. Central Bank Governor Taleh Kazimov confirmed the position on Thursday. His comments signal that the branch can keep operating in Azerbaijan without fresh measures from the regulator. The statement matters because a bank facing American sanctions still runs a physical presence in the country. Officials did not announce any changes to the branch's standing.

Azerbaijan's Central Bank has no plans to impose additional restrictions on the operations of Bank Melli Iran's Baku branch, despite the Iranian financial institution remaining subject to US sanctions, Central Bank Governor Taleh Kazimov said on Thursday.

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