Romanian banks halt all money transfers to Iranian and Syrian banks

Publish date: 21-11-2007
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Romanian commercial banks have halted all money transfers to Syria and Iran after several international banks used by the Romanian ones to run the transfers took similar measures as a means to sanction the Iranian nuclear programs.

A representative of Romania's biggest bank, the Romanian Commercial Bank (BCR), told that the measure was taken by all banks in the country. The move was also confirmed by representatives of other banks.

Romanian National Bank representatives were confused by the time the news was first published on the Romanian version of They could not say whether there was an official embargo or not.

Under American pressures, several major international banks partially or totally halted financial relations with Iran. Western countries are thus trying to force Tehran into putting an end to the Iranian nuclear program.

According to Romanian news agency NewsIn, the decision of the international banks comes after the UN Security Council has voted two resolutions in this regard.


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