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China follows in the footsteps of the UAE by blocking Iranian held bank accounts

China follows in the footsteps of the UAE by blocking Iranian held bank accounts
ID : N-39 Date : 2017/08/08 - 11:24

(Persia digest)-  China has blocked accounts held by Iranians at ABC, ICBC, and China Merchants bank. According to Iranian entrepreneurs, China is blocking accounts held by Iranians one after the other in an unprecedented move, citing international sanctions imposed by the United States on Iran.

As reported by Persia Digest, in an interview with Masoud Daneshmand - Chairman of Iran-UAE Chamber of Commerce - he had already mentioned that accounts of Iranian companies in the UAE had been blocked following US sanctions imposed on Iran for its missile program two months ago.

This is taking place as sanctions were to be lifted following restrictions imposed on Iran’s nuclear program in a deal reached between Iran, the P5+1, and the European Union.

It must be noted that Iranian authorities have not reacted to the news yet.

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