Arab Today, arab today russian banker deplores us financial ban on iran
Last Updated : GMT 16:54:26
Arab Today, arab today
Arab Today, arab today

Russian banker deplores US financial ban on Iran

Arab Today, arab today

Arab Today, arab today Russian banker deplores US financial ban on Iran

Tehran - FNA

The US financial and economic sanctions against Iran violate the charter of the International Monetary Fund (IMF), which demands free trade between all member states, Kostin told Russian TV channel RBK on Friday. Kostin criticized the US for manipulating its currency on the international markets, stressing that the move also breaches the principles of the IMF. US President Barack Obama authorized a law on New Year\'s Eve imposing fresh sanctions on financial institutions that deal with the Central Bank of Iran, Tehran\'s main clearing house for oil payments. The extra US sanctions aim to squeeze Iran\'s oil sales, most of which are processed by the CBI, although many even in the West believe that the move would prove futile. During the last two years, Iran has been replacing dollar with other currencies in its trade with the outside world. In May, the International Monetary Fund (IMF) opposed a call by a New York-based anti-Iran group to halt business with the Central Bank of Iran. The anti-Iran group whose founders include current and former administration officials has sent a letter to IMF Managing-Director Christine Lagarde criticizing the IMF\'s relationship with Iran. In reply, the IMF said on Tuesday that its relationship with the Central Bank of Iran is based on its constitution, noting that Iran\'s membership does not contravene US or EU sanctions on Tehran. \"According to our constitution... the IMF\'s holdings of each member\'s currency are maintained with the central bank of the relevant member, including Iran. There is nothing in the EU or US sanctions regimes that is inconsistent with these arrangements,\" IMF spokesman William Murray said. Earlier in April, Lagarde praised Iranian President Mahmoud Ahmadinejad\'s subsidy-cuts plan, and described it as a brave move which should be followed by other countries. Lagarde made the remarks, addressing a joint meeting of the World Bank and the IMF. She referred to Iran\'s measures in reforming its subsidiary system in the past two years as exceptional, and called on other world countries to follow the role model of Iran in carrying out reforms.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russian banker deplores us financial ban on iran Arab Today, arab today russian banker deplores us financial ban on iran

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russian banker deplores us financial ban on iran Arab Today, arab today russian banker deplores us financial ban on iran

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday