Middle East
Despite sanctions, Iran has billions stashed away in European banks: EU advisor
Earlier this week, an EU economic advisor said the Islamic republic still has several billions in euros stashed away in European banks despite of a dispute between Western powers over Iran s nuclear program. Mehrdad Emadi was responding to comments published in Iran s semi-official Fars news agency quoting central bank officials stating that Iran had withdrawn all of its money from European banks after the EU adopted a new round of sanctions targeting the country s oil industry.