Brussels – The SWIFT financial transaction service says it’s cutting ties with Iranian banks that are subject to European sanctions.
Join our WhatsApp groupSubscribe to our Daily Roundup Email
In a statement Thursday, SWIFT — the banking hub crucial to oil, financial transactions and other trade — said the EU decision “prohibits companies such as SWIFT to continue to provide specialized financial messaging services to EU-sanctioned banks,” and the company was forced to act.
Lazaro Campos, chief executive of SWIFT, said “disconnecting banks is an extraordinary and unprecedented step for SWIFT. It is a direct result of international and multilateral action to intensify financial sanctions against Iran.”
The sanctions are aimed at forcing Iran to demonstrate to the international community that it’s not trying to develop nuclear weapons.
Iran will now implode, with food becoming scarce the people will now riot in the streets and overthrow that Jew hating regime.
Ha!
NOW they wake up?
Iran will be Bombed within the next few days anyway!
In a few days form now, all “swift” communications wires, inside Iran, will be GONE anyway!
Now they wake up?
Now electronic transmission of monetary funds to and from Iran is impossible
Why wasn’t Bush able to get the Europeans to go along with this in his eight years in office? Why did real progress on sanctions have to wait for the ‘Israel hating’ President Obama?