Bush's bid to Punish Iranian Banks Stalls
By Farah Stockman The Boston GlobePublished: December 18, 2007
WASHINGTON: The Bush administration's new policy of penalizing Iranian banks is facing a critical challenge as financial institutions in Russia, China and much of the Middle East decline to cut ties, analysts and diplomats say.
Even Afghanistan and Iraq have so far declined to take action against Bank Melli, Iran's largest public financial institution, which was among the first foreign banks to open branches in Kabul and Baghdad.
"Nothing is happening," Sinan Shabibi, governor of the Central Bank of Iraq, said recently by telephone.
The world reaction to the U.S. sanctions on Bank Melli, which operates as Iran's central bank overseas, will determine whether President George W. Bush's new tool against Iran is a failure or a success.
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If world refusals mean NO WAR in Iran, so be it.
2007-12-19
13:05:07
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6 answers
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asked by
rare2findd
6
in
Politics & Government
➔ Politics
oh please Bob
we need to stop so much big talk. We're in a big dark dank hold and everyone knows it. Everyone across the world knows the Bush administration is on its way out. And so they are taking advantage of it.
You sound like you're trying desparately to claw your way out of that hole.
Not happening.
Thanks to Busgh, we have a long way to go.
and yes we will persevere.
but the cost my friend. the cost.
2007-12-19
14:30:49 ·
update #1
....and stop believing that by inviting those who do not agree with you to "go to Iran" makes you totally correct about what you believe. No one has to go anywhere if they do not follow your lead.
2007-12-19
14:32:45 ·
update #2