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Earlier this week, an EU economic advisor said the Islamic republic still has several billions in euros stashed away in European banks despite of a dispute between Western powers over Iran’s nuclear program. 



Mehrdad Emadi was responding to comments published in Iran’s semi-official Fars news agency quoting central bank officials stating that Iran had withdrawn all of its money from European banks after the EU adopted a new round of sanctions targeting the country’s oil industry.



“Despite that I cannot name the exact sum right now, I can say that Iran still has more than a couple of billion euros in European banks,” Emadi told Trend website.



According to Emadi, Iran has funds deposited in accounts in Germany, Italy, Malta, Spain, Greece and Switzerland. Officials in Switzerland, according to Emadi, said they would go along with any sanctions the EU adopts toward the regime in Tehran, despite not being a member of the union.



Along with the oil embargo, the EU also froze the assets of the Iranian central Bank held in in euros. The Iranian banking sector was slapped with strict restrictions dictating that any transaction about 40,000 euros ($51,000) would have to be authorized by EU governments before being processed.



Iran says it has since 2008 been withdrawing all of it... >>>