U.S. sanctions on the Iraqi Islamic Bank Elaph to dealing with Iranian banks

U.S. sanctions on the Iraqi Islamic Bank Elaph to dealing with Iranian banks

08/01/2012

BAGHDAD / JD / .. Included the United States Bank Elaph Islamic Iraqi sanctions imposed Iranian banks.
said a newspaper report published in the site (cnbc) Arab demanded Beijing the United States back on its decision to impose sanctions on Bank of Kunlun of China, which Washington accuses of dealing with the bodies of Iranian-linked to Tehran’s nuclear program and urged the Ministry of Chinese Foreign United States to stop the damage to the interests of China and Sino-US relations.
The United States tightened its sanctions on Iran because of “lack of commitment to its international obligations.” The White House that the sanctions imposed on the oil sector and petrochemical Iran, aimed at preventing Iran from establishing payment mechanisms dedicated to the purchase of Iranian oil to circumvent the sanctions currently imposed.
In this context, including sanctions banker Kunlun of China and Elaph Islamic Iraqi accused of facilitating transactions worth millions of dollars by Iranian banks are subject to sanctions because of its connection with Iran’s (nuclear) is not legitimate.
and lead these sanctions to cut the two banks for the U.S. financial system.
The United States has taken in recent months a series of measures against both the oil and financial Iranians in an effort to force the Islamic Republic to halt its nuclear activities, exciting controversial.
Western countries suspect many endeavor of Iran to acquire nuclear weapons under the guise of a civilian nuclear program despite Tehran’s denials it.
and entered the oil embargo to the West, Iran entered into force on the first of July, as the European Union announced a complete ban on the purchase of Iranian oil, as well as on the movement of Iranian oil, which is no longer secured by European insurance companies that cover 90% of the global movement for transportation of oil by sea.
China opposes traditional ally of Iran, a top importer of Iranian oil any sanctions targeting Tehran. And Chinese companies took advantage of the sanctions imposed on this country to increase its presence significantly in it. / Finished / 22 /
Source: dananernews