UK severs ties with Iranian banks
bbc
21-Nov-2011 (one comment)


The UK government has imposed new financial restrictions against Iran which will cut off all financial ties with Iranian banks.

It follows the International Atomic Energy Agency's report on Iran and concerns about its nuclear programme.

From 1500 GMT on Monday, all UK credit and financial institutions are required to cease all transactions with banks including the Central Bank of Iran.

It is the first time the UK has cut off a country's banking sector in this way.

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US joins Britain and Canada in imposing new sanctions on Iran

by Darius Kadivar on

US joins Britain and Canada in imposing new sanctions against Iran

 

The US is to announce new sanctions against Iran Monday in light of the IAEA's recent report alleging Iran's development of a secret nuclear weapons program.