Bank of Tokyo-Mitsubishi freezes Iran transactions
Bank of Tokyo-Mitsubishi UFJ, which handles most of Japan's payments for oil imports from Iran, said on Thursday it had frozen transactions with Iranian banks after being ordered to do so by the New York District Court earlier this month. The move stems from a U.S. court decision in 2007 that ordered Iran to pay more than $2.6 billion to survivors and victims' family members of the 1983 bombing of a U.S. Marine barracks in Lebanon, a bank spokesman said. The bank filed an objection to the court ruling on Wednesday, another spokesman said. ...
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