Middle East Economic Survey

VOL. LIV

No 21

23-May-2011

IRAN

US Treasury Department Extends Irans Sanctions To BIM

Irans banking sector suffered further last week with the announcement by the US Department of the Treasury that another Iranian state-owned bank Bank of Industry and Mines (BIM) would be subjected to US financial sanctions. The department designated BIM as a bank used by the government of Iran to evade US and international sanctions against Iranian financial institutions...