Bahrain was ordered by the Permanent Court of Arbitration in The Hague to pay over 200 million euros in damages plus costs to two Iranian banks for the unlawful expropriation of their banking venture in Manama in an act of "political retribution".
Armenian ambassador to Iran Artashes Toumanian on Tuesday said that banking sanctions have caused problems for trade relations between Iran and other countries, but the problems can be solved through cooperation.
As Iran surpasses half a million cases and more than 29,000 deaths as a result of the COVID-19 crisis, the US administration is adding new sanctions on a country that was already struggling to buy essential medicines.
Global banks and investors said they were stepping up their preparations for a victory by Democratic presidential candidate Joe Biden after his rival Republican President Donald Trump revealed he had tested positive for COVID-19 early on Friday.
A new investigation by the International Consortium of Investigative Journalists (ICIJ) says JPMorgan Chase & Co., Deutsche Bank AG and several global banks “kept profiting from powerful and dangerous players” in the past two decades even after the US imposed penalties on these financial institutions.
Britain and the European Union need to make progress on EU financial market access given that the coronavirus crisis will make it even harder to cope with potential disruption if there is no agreement, banking lobby AFME said on Monday.