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March 15th, 2012 
FAKE NEWS for the Zionist agenda Financial experts believe that even the EU’s new steps aimed at tightening the noose around Iranian banks are unlikely to bridge the growing gap between Brussels and Washington, the Wall Street Journal reported on Wednesday.
Several European diplomats said the new measures, which would ban the European companies from conducting financial wire transfers for Iranian banks that are under US sanctions, are expected in the coming days. One European diplomat added that the new sanctions will be approved by the member states on Thursday unless there is last-minute resistance.
However, the US Senate and House of Representatives are drafting a bill to blacklist essentially every Iranian bank and threaten penalties against European and other overseas companies that deal with any of these banks.
The Congress plans mean that the board of the directors of the European companies, like the Belgium-based Society for Worldwide Interbank Financial Telecommunication, SWIFT, can still face penalties and sanctions even if it fully complies with EU regulations.
“The EU doesn’t seem to realize they will still be leaving SWIFT open to sanctions unless they order all Iranian financial institutions expelled. So they will end up having to meet all over again and figure out the incongruency [sic] if the US legislation passes,” a senior congressional aide said.
The US Treasury has already blacklisted 23 Iranian banks, which is also largely targeted by the EU. The US lawmakers say Tehran is still using more than 20 other banks to finance its nuclear energy program.
Several EU officials have already announced that despite the US measures to ban all Iranian banks, the EU is sticking to its plan to ban only financial transactions with banks targeted by sanctions.
The US, Israel and some European countries accuse Iran of diversion in its nuclear energy program toward military purposes, but Tehran refutes the allegations, noting that as a member of the International Atomic Energy Agency (IAEA) and a signatory to the Non-Proliferation Treaty, it is entitled to the peaceful uses of nuclear energy.
Iran also says that despite frequent inspections, the IAEA has never found any evidence of diversion in Iran’s nuclear energy program.
SS/HJL/IS
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