Posted on 11/21/2011 8:10:25 AM PST by jhpigott
LONDON (AP) -- Britain's Treasury chief George Osborne says the UK will cut financial ties with Iranian banks over fears about its nuclear program.
Osborne says all UK financial institutions will cease business relationships and transactions with all Iranian banks, including their Central Bank of Iran from 3pm GMT (10EST) Monday.
Osborne said Monday this is the first time the British government has cut an entire country's banking sector off from the U.K.'s financial sector.
(Excerpt) Read more at hosted.ap.org ...
ping
Bump
Indications are that the Obama administration’s Iran sanctions will be a bit more nuanced.
more nuanced as in less bite?
Not that it suprises me. Panetta has basically told the Israelis “hands off” when it comes to the suggestion of a military strike.
Targeted metro-sanctions.
If anyone knows anything about the convoluted history of British/Persians they’ll understand that this one will leave a mark both finically and psychologically.
Alas it’s too late to make a difference undermining the regime. If only it was done in 2002 - 2006.
That’s odd. I thought they never met a muslim they didn’t like.
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