European Banks Divesting from Iran
by Jonathan Schanzer • Sep 28, 2007 at 10:00 am • updated Sep 28, 2007 at 10:08 am
Amidst a US-led campaign to isolate Iran over its nuclear program, Europan banks including Switzerland's UBS and Germany's Deutsche Bank have cut ties with Iran, according to Gulfinthemedia.com.
Iranian central bank Governor Tahmasb Mazaheri expressed anger over the decision, but stated that Iran, the world's fourth-largest oil producer with a population of 70 million, could not force them to stay.
For more on Treasury's offensive, see the inFocus interview with Treasury Undersecretary Stuart Levey.
For more on divestment at the state level, click here.
Related Topics: Iran | Jonathan Schanzer
receive the latest by email: subscribe to the free jewish policy center mailing list