European banks and traders told the Dow Jones Newswire that Major European banks, including Rabobank have halted trade finance for grain or any other agricultural products bound for Iran. Due to sanctions on Iran beginning to tighten, the European Union and US have both introduced trade restrictions on the Central Bank of Iran.
"Rabobank has pulled out of financing grain trades that are destined for Iran," a bank spokeswoman said. Rabobank is one of Europe's largest provider of agricultural commodity financing. "Our bank hasn't touched anything that is destined for Iran," a European grains trader said, adding that as far as he was aware all European banks had halted dealings with the country. Read more ...
"Rabobank has pulled out of financing grain trades that are destined for Iran," a bank spokeswoman said. Rabobank is one of Europe's largest provider of agricultural commodity financing. "Our bank hasn't touched anything that is destined for Iran," a European grains trader said, adding that as far as he was aware all European banks had halted dealings with the country. Read more ...
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