Iranian central bank escapes Swiss sanctions

The Central Bank of Iran
Photo: Ensie & Matthias/Flickr

The Swiss Federal Council on April 18 announced it had decided to extend the financial sanctions in place against Iran, but did not freeze the assets of the Central Bank of the Islamic Republic of Iran.

By not tackling the central bank, the Swiss rules differ from the wider sanctions imposed by the European Union (EU) and the US. "The move brings Switzerland largely in line with the restrictive measures adopted by the EU on January 23, 2012," said the council.

The amendment to the relevant

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