Iran Removes $75bn From Europe As Brown Warns Assets Will Be Frozen If They Fail To Stop Nuclear Dev

Iran has withdrawn around $75billion from Europe to stop its assets being frozen under new sanctions aimed at its nuclear programme.

As Gordon Brown promised harsher sanctions against the regime, there were claims it was already moving money from Europe to Asia or converting it into gold.

Shahrvand-e Emrouz, an Iranian weekly, magazine, said President Mahmoud Ahmadinejad had personal ordered that the money be moved out of Europe.

The magazine claimed: '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.'

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

---EOE---

http://www.dailymail.co.uk/news/worldnews/article-1026815/Iran-takes-75bn-Europe-Brown-warns-assets-frozen-fail-stop-nuclear-development.html

The odds any of these countries financial institutions will freeze assets are about nil.

Japan is a maybe and Korea is also an uncertainty now that Myeong-bush is in office.

even if UAE & Iran don't always see eye to eye, UAE is always a welcome home to an influx of $75 bl.

But China is a permanent member of the Security Council and has a No vote

On edit: And that would give them another 75 billion reasons to vote no

Now, your "economic sanctions" will be almost worthless.

:rofl:.

Worst. "Diplomacy". Evah.

they have left it there this long....all things considered. I wonder what the effect on the European stock markets will be...it is a lot of money.

not such a wise move, imho.

Besides that, there is no evidence, other than neocon/israeli rhetoric, that Iran is developing nuclear weapons and from IAEA reports they are complying with the nuclear non-proliferation treaty they have signed on to.

We've been trying that for what? 29 years...

their petty cash box used to pay their European
operatives. They'll probably convert to $US
and hide it in plain site.

Hell Morgan Stanley would probably do the deal
for a hefty transaction fee. After all money
owes no loyalty to any nation.

and that`s going to be real challenge for the religious gangsters that run the country.

Dream on. Thanks to Dumbya, many countries view the USA as a bigger threat to world peace than Iran.

they will have to find it elsewhere.

Who said those Iranians were stupid