UK severs ties with Iranian banks, page 1
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Topic started on 21-11-2011 @ 09:18 AM by keepithush

UK severs ties with Iranian banks



It follows the International Atomic Energy Agency's report on Iran and concerns about its nuclear programme.

From 1500 GMT on Monday, all UK credit and financial institutions are required to cease all transactions with banks including the Central Bank of Iran.

Chancellor George Osborne said there was evidence that Iran's banks were funding its nuclear weapons programme.

This is the first time the UK has used powers created under the 2008 Counter-Terrorism Act to cut off a country's banking sector in this way.

Mr Osborne said: "We have ceased all contact between the UK's financial system and the Iranian financial system.

"We're doing this because of international evidence that Iran's banks are involved in the development of Iran's weaponised military nuclear weapon programme.

"We're doing this to improve the security not just of the whole world, but the national security of the United Kingdom."

Iran insists its nuclear programme is purely civilian and for scientific research, but Western nations fear it is trying to build a nuclear weapon.

A report from the IAEA earlier this month said the organisation had "serious concerns regarding possible military dimensions to Iran's nuclear programme".

It said Iran had "carried out activities relevant to the development of a nuclear explosive device".


www.bbc.co.uk...
edit on 21-11-2011 by keepithush because: Updated thread as the report updated to mention it was George Osbourne's decision.


Mod Edit: Please do NOT only post a story;

Please post the story ( 3 paragraphs with [e x] tags.
Your personal opinion of the story.
edit on 11/21/2011 by tothetenthpower because: (no reason given)
edit on 11/21/2011 by tothetenthpower because: (no reason given)


With respect I did what most people seem to do, added my personal opinion below the main post in a separate post, just someone posted before I got chance to post my follow up post (how many times did I say post there?)
Didn't know I had to strictly do the [­ex]quote[/­­ex] thing but do now, thanks for the heads up.
edit on 21-11-2011 by keepithush because: (no reason given)



reply posted on 21-11-2011 @ 09:30 AM by revmoofoo
reply to post by keepithush



Re Obama and to quote Star Wars (god damn you George Lucas for changing it AGAIN!):

"Who's the more foolish? The fool or the fool who follows him?"

So according to Star Wars logic. If America falls for this a second time round then it deserves all it gets. Obi-wan can't be wrong. lol

Rev

edit on 21/11/2011 by revmoofoo because: Typo

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