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EU Freezes Iranian Assets

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It looks like the EU went ahead and froze the European assets of Iran’s Melli Bank, and banned its activities on the continent. The bank, suspected of providing services to Iran’s nuclear and ballistic missile programs, had already been targeted by American sanctions last year. The move had been prematurely announced by English PM Gordon Brown last week and immediately denied by the EU, and comes on the heels of a supposed “freeze for freeze” offer, whereby Iran would agree to hold off on any increase in its uranium enrichment capacity in return for the EU3+3 holding off on any […]

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