Central Bank of Iran
The European Union has reached an agreement to impose sanctions on Bank Tejarat, the last major Iranian bank financing large-volume trade in Europe, according to EU diplomats and sanctions specialists close to the negotiations.
The move may complicate tens of billions of dollars in annual trade with Europe and monetary transactions by EU diplomatic missions in Tehran, they said.
A European diplomat, who spoke on condition of anonymity because the negotiations are private, said some EU officials have objected to an asset freeze because Bank Tejarat is used by EU countries with diplomatic missions in Tehran. If the bank is subject to sanctions, EU embassies and their staffs would have to carry cash and pay for transactions in euros, said the official, who had been briefed by his foreign ministry.
Read the full story at Bloomberg.
Currently rated 1.0 by 3 people
- Currently 1/5 Stars.
- 1
- 2
- 3
- 4
- 5