Rice To Iran: You Must Suspend Nuclear Activities Or US Will Act

Washington last week announced sanctions on over 20 Iranian companies, banks & individuals, hoping to increase pressure on Tehran to stop uranium enrichment and curb its "terrorist" agenda. The banks affected are Bank Melli, Iran's largest bank, Bank Mellat and Bank Saderat.Several international banks have halted transactions with Iran. Some foreign banks have closed accounts held by Iranian firms. Iran has been under various U.S. trade and other sanctions since after the 1979 Islamic revolution, when Washington severed ties with Tehran. Under U.S. pressure, Western banks have either cut all dealings with Iran or limited their activities there.

1. By: globalEyeNews
2. Categories News & Events, People & Stories
3. Views 1,615
4. Added :04-Nov-07
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5. Related Link: GlobalEyeNews Video Report: Rice Says Iran Must Suspend Nuclear Activities