BREAKING NEWS

US talks of freezing assets of Iran's central bank

By REUTERS

DECEMBER 1, 2011 19:18

WASHINGTON - US officials are committed to taking steps to freeze the assets of the Iranian central bank and to working with US allies to do the same, a senior US Treasury official said on Thursday.

"We are committed to taking action against the CBI (Central Bank of Iran) to freeze its assets, to work with our allies to have them take a similar action, and to work with our allies to encourage them to take the steps that they have already indicated a willingness to consider, which is to ramp down their involvement with the CBI and their purchases of Iranian oil," Under Secretary of Treasury for Terrorism and Financial Intelligence David Cohen told US lawmakers.

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