EU, U.S. Ready Crackdown on Iranian Banks

[Reuters ] The EU and the U.S. will warn Iran at a summit in Slovenia on Tuesday that they are ready to go beyond agreed UN sanctions, raising the possibility of a crackdown on Iranian banks. "We will continue to work take steps to ensure Iranian banks cannot abuse the international banking system to support proliferation and terrorism," said the final draft of the communique to be issued at the meeting. Diplomats said the EU is preparing an asset and funds freeze on Iran's biggest bank, state-owned Bank Melli.

2008-06-10 01:00:00

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