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US Congress demands ECB action on Iran loophole

26.02.13 @ 09:58

  1. By EUOBSERVER

US Senators have called on the EU to close a loophole in the ECB's payments scheme allowing Iran to convert euros into local currency. In a letter to Council President Van Rompuy, lawmakers expressed "concern that these euro conversions ... allow the regime to engage in sanctionable and illicit activities,"