Tuesday

19th Feb 2019

Ticker

EU bank deals blow to Iran arms deal

The European Investment Bank (EIB) will avoid lending to Iran because US sanctions could jeopardise its ability to raise money on US markets. "There is no European bank which is presently able to do business with Iran," EIB chief Werner Hoyer said in Brussels Wednesday. "We'd risk the business model of the bank," he said, frustrating EU efforts to engage with Iran in line with a nuclear arms control pact.

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