EU Confirms Financial Transactions Ban With Listed Iran Banks
The European Union banished any kind of financial transactions with blacklisted Iranian financial firms, but U.S. officials made clear they would maintain the pressure for the EU to go further.
The Belgium-based Society for Worldwide Interbank Financial Telecommunication stated that it will comply. The measure will be published in the EU's Official Journal this week.
The U.S. Treasury has blacklisted 23 Iranian banks. But U.S. lawmakers note that Tehran is using more than 20 other banks to finance its nuclear program and support for regional militant groups.
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