Iran says Europe has no right to freeze its assets
Laptop Battery Thursday, 19th January 2006
TEHRAN (Reuters) - Europe has no right to freeze Iran's
overseas assets and would spark a damaging capital flight from
European banks if it did so, Iran said on Thursday, sending another
ominous warning about the impact of possible sanctions.
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
Thinkpad Tehran faces referral to the U.N. Security Council, where it
could face economic sanctions over suspicions that it is seeking an
atomic bomb. Iran denies the charge.
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Microsoft The prospect of sanctions has revived bitter memories of the
freezing of Iran's U.S. assets shortly after the 1979 Islamic
revolution.
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Laptop Computers Responding to recent reports about the need to repatriate
Iranian money in case Iran's holdings are impounded by countries
including those of the European Union, Economy Minister Davoud
Danesh-Jafari told the official IRNA news agency:
The court announced that Tehran was spending 75 million dollars annually to sponsor and fund international terrorism. The court looked at complaints by two American victims of an attack in Israel in 1999, found to be the work of groups backed by Iran. It is unclear how long the assets freeze will last, however, an Iranian embassy official announced that the court's ruling was damaging to Iran's interests.
Laptop Computer "Global regulations do not allow Europe to do so and it would be
damaging for them to."
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Desktop Computer He added: "Such acts would make oil-rich countries anxious to
transfer their capital out of European banks into safer
places."
Notebooks Danesh-Jafari has previously warned that U.N. sanctions could
send oil prices to levels beyond what industrialised economies
could accept.
Lenovo The idea of economic sanctions has already proved unwelcome to
China which wants the matter settled outside of the world body.
Beijing is reliant on Iran's oil and is a veto-wielding permanent
Security Council member.
Hard Drive Iran is the world's fourth biggest oil producer.
Travelstar Germany, the biggest exporter to Iran, has said it would prefer
a measure such as travel restrictions on Iranian politicians to
economic sanctions.
Gateway Central Bank Governor Ebrahim Sheibani said on Wednesday that
Iran would repatriate its assets held abroad should that prove to
necessary.
Laptop Parts It is unclear how much of Iran's copious oil wealth is kept in
foreign accounts. The Naftiran Intertrade Company (NICO), the trade
and financing arm of the state oil company, is based in
Switzerland.
Software Economists estimate Iran will have earned more than $40 billion
from oil by the end of the 12 months to March 2006. Of this, $16
billion goes straight to budgeted government spending.
Hard Drives The rest goes to the Central Bank of Iran which keeps an unknown
amount of holdings in foreign accounts.
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