International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
Iran passes law expelling British ambassador
A bill to downgrade Iran's relations with Britain got final approval on Monday, state broadcaster IRIB reported, a day after parliament approved the measure compelling the government to expel the British ambassador.
November 28, 2011 3:03 by Reuters
The exceptionally rapid approval from the Guardian Council, a panel of 12 clerics and jurists who judge whether legislation is Islamic, reflects the urgency with which Iran is treating its reaction to punitive sanctions announced by Britain last week.
Britain acted following a Nov. 8 report by the UN nuclear watchdog citing intelligence indicating that Iran has worked on designing an atomic bomb. Iran says the intelligence is forged and that its nuclear energy programme has wholly peaceful aims.
Passed by legislators who chanted “Death to England” on Sunday, the law is retaliation for London’s decision to ban British banks from dealing with Iranian ones, including the Central Bank of Iran.
Members of parliament said Iran would take similar action against any other countries that follow suit.
European Union foreign ministers are due to meet on Thursday to approve new sanctions that could cut financial links and ban oil imports from Iran over suspicions that it is trying to develop nuclear weapons.