BREAKING NEWS

US lauds India for reducing dealings with Iran central bank

By JPOST.COM STAFF

DECEMBER 30, 2010 06:20

The US on Wednesday voiced its approval of the Reserve Bank of India's decision to reduce its transactions with Iran's central bank, Reuters reported.

"We think the Reserve Bank of India has made the right decision to carefully scrutinize and reduce its financial dealings with the Central Bank of Iran," a White House spokesman stated.

"This latest action adds to the growing list of companies, financial institutions and governments that are increasingly concerned about Iran's misuse of trade and financial relationships to support illicit activity, including its nuclear program," he added.

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