Iran General NewsSenators seek to target Iranian business in euros

Senators seek to target Iranian business in euros

-

AP: Two senators are proposing a new round of Iran sanctions aimed at preventing the Islamic republic from doing business around the world in euros. The Associated Press

By By BRADLEY KLAPPER

WASHINGTON (AP) — Two senators are proposing a new round of Iran sanctions aimed at preventing the Islamic republic from doing business around the world in euros.

Iran is already largely cut off from international transactions in dollars, meaning its business with foreign banks and customers must be conducted in other currencies.

And the budget amendment proposed by Republican Mark Kirk of Illinois and Democrat Joe Manchin of West Virginia targets what is being called the “euro loophole.”

The amendment seeks to block Iran from accessing foreign holdings in euros and using the European Central Bank’s interbank payment system.

Senators hope to vote on the budget this weekend. Dozens of amendments may not get a vote.

Latest news

Grim Tidings for Iran’s Regime After Approval of UN Fact-Finding Mission

After many discussions and debates, the United Nations Human Rights Council has approved a fact-finding mission to investigate the...

Iranian People’s Resistance Changed the Appeasement Policy

Soon after the new US government started its obligations in January 2021, hand in hand with the European governments...

Khamenei’s Disgraceful Campaign Against Piranshahr and Javanrud, Who Will Be the Loser?

On the 67th day of Iran’s revolution, the Iranian regime attempted to put a halt to the protests in...

Iran: Expensive Medicine, Cheap Human Life

A look at the equipment and weapons that the Iranian regime has been using against its people to suppress...

Who Is Abolqasem Salavati Iran Regime’s Killer Judge?

Last week, it was announced that the case of several people who were arrested during the Iranian People's uprising...

Iran Revolution Characteristics

More than two months have passed since the start of the latest round of protests in Iran against the...

Must read

After 4.5 years Iran promises legal action against detained leaders

AP: A top member of Iran’s judiciary said Tuesday it...

Iran’s China oil outfit battles to boost exports

Reuters: National Iranian Oil Company (NIOC) has set up...

You might also likeRELATED
Recommended to you