Several international banks limit relations with Tehran’s regime

Iran Press News: In an analysis, the German newspaper Frankfurter Allgemeine has written of consequences that Tehran’s regime will have to face due to potential sanctions placed by the U.N. Security Council. This report indicates that despite the fact that these sanctions have not as of yet been imposed, the political tensions have severely damage the Islamic Republic's economy.

The analysis also alludes to such setbacks as the cancellation of a $2 billion dollar oil contract between Japan and the Islamic Republic and quotes an Iranian expert who admits that the Islamic regime’s economic situation is in dire straits. The total foreign investment in recent two years was approximately $482 million, while this amount has now decreased by $30 million; this is the smallest amount of foreign investment in the Middle East.

The Frankfurter Allgemeine adds that in recent months four of the largest German banks, two significant Swiss banks and the three most influential Japanese banks have considerably limited their relations with Tehran’s regime.