Al-Jazeerah: Cross-Cultural Understanding

 

News, March 2010

 
www.ccun.org

www.aljazeerah.info

Al-Jazeerah History

Archives 

Mission & Name  

Conflict Terminology  

Editorials

Gaza Holocaust  

Gulf War  

Isdood 

Islam  

News  

News Photos  

Opinion Editorials

US Foreign Policy (Dr. El-Najjar's Articles)  

 

 

 

Editorial Note: The following news reports are summaries from original sources. They may also include corrections of Arabic names and political terminology. Comments are in parentheses.

 

 Iranian Pressure Made UK Drop Sanctions on Bank Mellat

Mon, 01 Mar 2010 12:28:42 GMT

After Iran's Bank Mellat reportedly won a preliminary court case against British sanctions, an Iranian parliamentarian says the move was an outcome of Tehran's pressure on London.

"After Iran's Parliament (Majlis) exerted pressure on Britain, London removed sanctions on Bank Mellat," Hossein Ebrahimi, the head of Majlis committee on foreign relations, told Mehr News Agency on Monday.

He said the Iranian lawmakers were working on a bill that calls on the government to reconsider relations with Britain following London's interference in Tehran's internal affairs, adding, "Britain's withdrawal of sanctions can be regarded as a positive move."

"This shows that parliamentary pressure will play an influential role."

In October, the British Treasury moved to forbid any financial company within the UK to do business with Bank Mellat over its alleged connections with Tehran's nuclear program.

In recent months, the Iranian bank has been fighting to overturn the Treasury ruling and finally made a breakthrough on Thursday when High Court Justice John Mitting ruled against the imposition of British penalties on the bank.

According to the High Court, under the European Convention on Human Rights, Bank Mellat is entitled to information about allegations against it.

The Iranian government has repeatedly accused Britain and a number of other Western states of inciting the post-election unrest in the country.

To pressure Tehran over its nuclear program, Western powers have imposed unilateral sanctions on a number of Iranian-owned banks, namely Melli, Saderat, and Sepah, and have demanded that world financial institutions follow suit.

Ebrahimi warned that Iran is resolute to reduce ties with UK to a minimum level should it refrains to "correct its behavior."

The parliamentarian expressed hope that Britain "will modify its policies on Iran to prevent Iran from making a special decision about relations with the country."

SF/AKM



Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

 

 

 

 

Opinions expressed in various sections are the sole responsibility of their authors and they may not represent Al-Jazeerah & ccun.org.

editor@aljazeerah.info & editor@ccun.org