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Armenia suspected in having bank ties with Iran in violation of unil

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  • Armenia suspected in having bank ties with Iran in violation of unil

    Vestnik Kavkaza, Russia
    Aug 21 2012


    Armenia suspected in having bank ties with Iran in violation of
    unilateral US sanctions



    The Islamic Republic of Iran pressure from international sanctions is
    seeking to expand banking activities in Armenia. On this occasion,
    Reuters printed an article according to which Iran is interested in
    neighboring Armenia.

    Armenian officials deny any information about banking relationships
    with Iran. Despite that, US officials regularly threaten their
    Armenian partners to engage in a more rigorous financial control,
    Tert.am reports.

    Reuters also recalls that the construction of a gas pipeline from Iran
    to Armenia will be completed in 2014, and Iranian President Mahmoud
    Ahmadinejad said earlier that the annual trade turnover between
    Armenia and Iran is $ 1 billion.

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