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Iran, fearing sanctions, said to have pulled $75b from EU banks
By Reuters
Tags: Ahmadinejad, EU, Iran

Iran, acting on orders from President Mahmoud Ahmadinejad, has withdrawn around $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over Tehran's disputed nuclear ambitions, an Iranian weekly said.

"Part of Iran's assets in European banks have been converted to gold and shares and another part has been transferred to Asian banks," Mohsen Talaie, deputy foreign minister in charge of economic affairs, was quoted as saying.

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ranian officials were not immediately available to comment on the report in Shahrvand-e Emrouz, a moderate weekly, which did not specify the time period for the withdrawals which it said were ordered by Ahmadinejad.

"About $75 billion of Iran's foreign assets which were under threat of being blocked were wired back to Iran based on Ahmadinejad's order," the weekly said.

Iran's Etemad-e Melli newspaper, also quoting Talai, last week also reported that the world's fourth-largest oil exporter was withdrawing assets from European banks but did not give any figures.

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      1.   No to Iran?s nuclear program. 12:32  |  Jean Van Daem 16/06/08
      2.   As expected 13:54  |  Amanda Guthrie 16/06/08
      3.   Getting money out before the EU/Zionists get their hands on it 13:59  |  Chanalau, Tova 16/06/08
      4.   EVERY BODY HAPPY 14:01  |  indrajaya 16/06/08
      5.   EVERY BODY HAPPY 14:01  |  indrajaya 16/06/08
      6.   Agree with you on that Indy 14:18  |  Mark B. 16/06/08
      7.   The Big Question is 14:22  |  Vilnayaya Mefrina 16/06/08
      8.   #7, the sad truth... 14:41  |  DR 16/06/08
      9.   Important Data Missing... 15:13  |  Jimmy 16/06/08
      10.   The EU sanctions itself 15:34  |  Natallie Durson 16/06/08
      11.   INDRAJAYA.China & Russia also will sanction if Iran continues 15:50  |  PETER SM 16/06/08
      12.   Future Investments 15:55  |  Isa 16/06/08
      13.   DR - God gave? How childish! Big Daddy is siding with us! 16:31  |  Estimate Prophet 16/06/08
      14.   `Bout time 16:52  |  joebhed 16/06/08
      15.   irans money in europe and elsewher 17:17  |  ari 16/06/08
      16.   WE WILL WEAN OURSELVES FROM OIL. 17:18  |  petra 16/06/08
      17.   petra, keep on dreaming 17:49  |  Mark B. 16/06/08
      18.   Of course - Iranian bankers aren`t idiots 17:56  |  Clickfool 16/06/08
      19.   Rocky Mountain Isa 18:58  |  Ramius 16/06/08
      20.   #13, where are you from??? 19:09  |  DR 16/06/08
      21.   IRAN MONEY TO RUSSIA 19:30  |  Ronald 16/06/08
      22.   Reply to ISA Number 12 Future Investments 19:38  |  Ronald 16/06/08
      23.   The beguin of the siege 19:40  |  JP 16/06/08
      24.   Wow... The arabs have oil, they want to go nuclear and they 19:48  |  BF 16/06/08
      25.   # 21, RONALD 20:07  |  indrajaya 16/06/08
      26.   Stand Your Ground Iran 20:23  |  Cool B 16/06/08
      27.   no one can harm iran 20:31  |  farrokh 16/06/08
      28.   What is Ahmadinijad going to do with all that money? 20:48  |  Gil 16/06/08
      29.   What is Ahmadinijad going to do with all that money? 21:33  |  Gil 16/06/08
      30.   What is Ahmadinijad going to do with all that money? 21:35  |  Gil 16/06/08
      31.   GreenCrimeSyndicate needs money and afraid...good 21:52  |  Arthur 16/06/08
      32.   Ahmadinijad is really desperate, 21:59  |  Gil 16/06/08
      33.   Ahmadinijad is really desperate, 22:00  |  Gil 16/06/08
      34.   #2 Amanda is right ! 22:22  |  PARIS 16/06/08
      35.   Is this a new dance, JP? # 23 22:24  |  Clickfool 16/06/08
      36.   Question for Gil # 32 and # 33 22:26  |  Clickfool 16/06/08
      37.   DR 22:39  |  Estimate Prophet 16/06/08
      38.   DR - one more point 22:43  |  Estimate Prophet 16/06/08
      39.   Clickfool (#36) I wouldn`t spend so much money on a Banji Jump 23:23  |  Gil 16/06/08
      40.   RESULT OF THE ACTIONS OF WESTERN AND JEWISH LYNCH MOB 23:24  |  JACKAL 16/06/08
      41.   Clickfool (#36) I wouldn`t spend so much money on a Banji Jump 23:24  |  Gil 16/06/08
      42.   #18 Clickfool the Iranophile! 23:55  |  Sarah 16/06/08
      43.   #24 BF, speaking of 23:55  |  ballistic 16/06/08
      44.   #21 Ronald in Brooklyn 00:01  |  S 17/06/08
      45.   Now to see if the sanctions will have teeth 00:02  |  Jacob Blues 17/06/08
      46.   Chavez fan 37-8 00:15  |  Realist 17/06/08
      47.   # 16 petra 00:39  |  Axel 17/06/08
      48.   # 16 petra 00:43  |  Axel 17/06/08
      49.   Jean Van Daem - Sanctions on Haliburton? 00:44  |  Mark of Lewiston 17/06/08
      50.   DURSON.If"Asian countries" go against the boycott they face- 01:55  |  PETER SM 17/06/08
      51.   COOL B OF course the "Nation of Martyrs" should go nuclear 02:05  |  PETER SM 17/06/08
      52.   Mahmoud And Suha Lovers 02:28  |  Yosemite 17/06/08
      53.   Dick Cheney be impeached! 02:33  |  Akiva P 17/06/08
      54.   Jean Van Daem 02:43  |  Akiva P 17/06/08
      55.   PUTIN=ANTI SEMITH,ISMAEL GRAND-GRAND LEADER!!! 03:43  |  Ron Schmidt 17/06/08
      56.   DURSON.If"Asian countries" go against the boycott they face- 04:08  |  PETER SM 17/06/08
      57.   Iran`s getting squeezed....gooood! 05:07  |  Conroy 17/06/08
      58.   wow, durson and channalh are at it once again 05:56  |  HAL TRIPP 17/06/08
      59.   Reply to S #44 06:18  |  Ronald 17/06/08
      60.   Tehran pulls money out of EU 08:54  |  Reid 17/06/08
      61.   For Gil # 39 09:21  |  Clickfool 17/06/08
      62.   For Conroy, whistling in the dark # 57 09:24  |  Clickfool 17/06/08
      63.   A/MAD/JAD IS SMARTER THAN THE TWO CORRUPT LIARS MERT/BUSH;HE 05:56  |  glenna 18/06/08
      64.   And they should use all available legal tools too 12:51  |  Fritz T. 19/06/08
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