European Union set to blacklist a leading Iranian bank

Following a long-delayed green light from Italy, the EU is poised in the coming days to slap sanctions on one of Iran's most influential banks, in a move praised in Jerusalem as "very important."
[The UK branch of Bank Melli...]

The UK branch of Bank Melli in London
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The Jerusalem Post has learned that at last Friday's meeting of the EU's Political and Security Committee (PSC) in Brussels, Italy removed its objection to placing Bank Melli, Iran's largest bank, on a list of Iranian institutions and personalities that the EU would boycott. Government sources said this was an early indication that new Italian Prime Minister Silvio Berlusconi seemed intent on steering a different Italian policy toward Iran.

[link to www.jpost.com]