Trade Capital Bank, Iranian Tejarat Bank’s affiliate in Belarus, has been disconnected from SWIFT, the Society for Worldwide Interbank Financial Telecommunication.
The decision-makers assessed the economic situation in the wake of the US sanctions against Iran and took into account the neccessity to keep the stability and integrity of the global financial system, news agency Interfax quotes the press release by the Belarusian Interbank Processing Centre.
Thus, according to the Centre, the number of Belarusian-based SWIFT members has decreased to 24 banks.
On November 5, 2018, the United States fully re-imposed the sanctions on Iran. These are the toughest U.S. sanctions ever imposed on Iran, and will target critical sectors of Iran’s economy, such as the energy, shipping and shipbuilding, and financial sectors.
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