Iranian bank accounts frozen by UAE 'not for key traders'
A member of Iran's Chamber of Commerce, Industries and Mines has stated that the Iranian bank accounts which have been frozen by the United Arab Emirates were not belonged to key traders.
Hamid Hosseini told ISNA news agency that the accounts mainly opened by a number of organizations and departments which have branches in the UAE.
The central bank of the United Arab Emirates has ordered that 41 bank accounts targeted by the new UN sanctions against Iran be frozen.
In a circular sent to all banks, moneychangers, investment and finance companies operating in the UAE, the central bank also ordered the freezing of remittances to entities and individuals listed by the June 9 UN resolution.
For years, the Islamic republic has had active trade relations with Dubai, one of seven emirates making up the UAE, with the trade volume estimated at around 10 billion dollars a year, mostly in Iranian imports.
On June 9, the UN Security Council slapped a fourth round of sanctions on Iran over its nuclear drive, this time tightening the noose on military and financial transactions.