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Iran to scale back trade ties with UAE: Iranian official

Source: ISNA, Tehran

The Head of Iran-UAE Chamber of Commerce Masoud Daneshmand said Tuesday that Iran scales back trade relations with the UAE following freezing 41 Iranian bank accounts.

"The UAE has gone beyond the Security Council resolutions on Iran, so Iran scales down trade ties with the UAE in coming months," he told ISNA.

He added the 41 bank accounts frozen in the UAE belonged to Iranian entities and individuals that are in the list of the Security Council resolution.

"We do not accept the UAE behavior," Daneshmand said.

Emirates Business Journal has recently declared that the central bank of the United Arab Emirates has ordered that 41 bank accounts targeted by the new UN sanctions against Iran be frozen.

On June 9, the UN Security Council imposed the fourth round of sanctions on Iran over its nuclear drive.

... Payvand News - 07/06/10 ... --

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