Updated at 14:58,21-10-2016

Trade Capital Bank came under the U.S. sanctions

24-01-2012, 11:50
Trade Capital Bank came under the U.S. sanctions

The U.S. sanctions against Iran are extended on the Trade Capital Bank in Belarus.

The U.S. imposed new sanctions on one of the largest Iranian banks Tejarat, suspecting it of financing Tehran's nuclear program, BBC reports.

Tejarat, as well as its Belarusian branch Trade Capital Bank are no longer able to access the international financial system, and therefore, to transmit money on its accounts from the sale of Iranian oil.

The U.S. President Barack Obama welcomed the imposition of sanctions proposed by the EU Foreign Ministers against Iran.

The joint statement of the U.S. Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner says, this is the next step of international efforts in the attempt to put pressure on Tehran.

The EU sanctions imply the ban on imports of Iranian crude oil and freezing of assets belonging to the Central Bank of Iran.

Note. Closed Joint Stock Company "Trade Capital Bank" was founded in September 2008. It's a member of the Association of Belarusian Banks and in the international system of interbank communications SWIFT. The bank has officially registered offices in Kiev and Tehran. The main shareholder of Trade Capital Bank is the Tejarat bank. Its share is 99.89%.