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EU Sanctions Target Armenian Branch Of Iranian Bank Mellat

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  • EU Sanctions Target Armenian Branch Of Iranian Bank Mellat

    EU SANCTIONS TARGET ARMENIAN BRANCH OF IRANIAN BANK MELLAT

    news.am
    July 28 2010
    Armenia

    New package of EU sanctions against Iran included the Armenian branch
    of Bank Mellat, DPA agency reported.

    As NEWS.am reported earlier, on July 26 EU foreign ministers confirmed
    new sanctions imposed on Iran to hinder country's uranium enrichment
    program.

    The restrictions affect foreign trade, financial services, as well
    as oil industry, the basis of Iran's economy.

    The EU officials said it is "the most far-reaching set of sanctions
    the EU has agreed to on Iran or indeed on any country".




    From: A. Papazian
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