Tag "banks"
The US –led war campaign against Russia, includes financial warfare. USA has complete dominance of the global financial network. Sanctions were put in place in order to financially asphyxiate Russia and “destroy Vladimir Putin” Political and Military Analyses Source: Here’s how Obama’s sanctions will destroy Vladimir Putin The timing was particular painful as it coincided with the fall in oil prices. The sanctions, however, have backfired in at least two
This from today’s Democracy Now: The Washington Post reports major US banks are on pace to spend more than half their bailout money on rewarding their shareholders. The thirty-three banks are set to receive some $163 billion in government bailouts. Half of that sum would go toward paying off shareholders over the next three years. The Bush administration touted the bank bailout as necessary to resume lending. But Treasury officials
Ha’aretz reports: Iran, acting on orders from President Mahmoud Ahmadinejad, has withdrawn around $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over Tehran’s disputed nuclear ambitions, an Iranian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,
Press TV reports: Venezuela has declared that it is establishing a common bank with Iran to finance economic development projects in the two countries. The bank, to be based in Tehran, will have an initial capital base of 1.2 billion dollars, with each nation providing half of the funds, AFP reported on Tuesday. It follows up on a March 2007 agreement the two countries signed. The relations between the two
David Blair America is waging a financial war on Iran designed to isolate its economy from the world banking system and compel Teheran to abandon its nuclear programme. Step by step, the US Treasury is tightening the noose by persuading European and Japanese banks to join their American counterparts and stop conducting any transactions for Iranian clients. Deutsche Bank was the latest to begin closing all accounts held by any
