Bank of Tokyo-Mitsubishi UFJ Has Frozen Iran Transactions

Wall Street Journal

Bank of Tokyo-Mitsubishi UFJ Has Frozen Iran Transactions

-Japan's Bank of Tokyo-Mitsubishi UFJ said Thursday it has frozen transactions with the Iranian government after the New York District Court ordered it to freeze accounts .../ TOKYO (Dow Jones)--Japan's Bank of Tokyo-Mitsubishi UFJ said Thursday it has frozen transactions with the Iranian government after the New York District Court ordered it to freeze accounts ...

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May 16, 2012

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Reuters

Bank of Tokyo-Mitsubishi freezes Iran transactions

Reuters

Bank of Tokyo-Mitsubishi freezes Iran transactions

Japan's Bank of Tokyo-Mitsubishi UFJ said on Thursday it has frozen transactions with Iranian banks after it was ordered to do so by the New York District Court in early May. The step is a consequence of a U.S. court decision in 2007 which ordered Iran to pay more than $2.6 billion to survivors ...

May 16, 2012

Reuters

REFILE-Japan's JX: no problem with paying Iran for oil now

Reuters

REFILE-Japan's JX: no problem with paying Iran for oil now

Japan's top oil refiner, JX Nippon Oil & Energy Corp, is not facing a problem paying Iran for crude imports, the company said on Thursday, after a major Japanese bank froze transactions with Iranian banks on the order of a U.S. court. Japan's Bank of Tokyo-Mitsubishi UFJ said it had frozen ...

May 16, 2012

France 24

Japan bank freezes Iran transactions after court order

Mitsubishi UFJ, Ltd. headquarters are pictured in Tokyo, in 2006. The bank has halted transactions by the Iranian government after a US court ordered a $2.6 billion asset freeze over the 1983 bombing of US barracks in Beirut, a bank spokesman said on Thursday./ A Japanese bank has halted ...

May 16, 2012

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Yahoo! News

Japan bank freezes Iran transactions after court order

Yahoo! News

Japan bank freezes Iran transactions after court order

after a US court ordered a $2.6 billion asset freeze over the 1983 bombing of US barracks in Beirut, a bank spokesman said on Thursday. "It is true that we have received the order from the US court," to freeze $2.6 billion of assets, a spokesman for told AFP, declining to give details on the ...

May 16, 2012

Reuters

Bank of Tokyo-Mitsubishi freezes Iran transactions

Reuters

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 ...

May 17, 2012

Wall Street Journal

Japan's Biggest Bank Freezes Transactions With Iran

-Japan's largest bank, Bank of Tokyo-Mitsubishi UFJ, said Thursday it has frozen financial transactions with Iran's government and central bank after the New York District Court ordered it to freeze assets held by Tehran as part of a long-running court case stemming from the 1983 bombing of a U ...

May 17, 2012

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Business Week

Iran Crude to Japan Said to Face Blocks After Court Order

Business Week

Iran Crude to Japan Said to Face Blocks After Court Order

Iranian oil shipments to Japan may be blocked after the bank handling payments on the transactions was ordered by a U.S. court to freeze assets belonging to the Persian Gulf nation, according to two refinery officials with knowledge of the matter. The National Iranian Oil Co., the country’s ...

May 17, 2012

Wall Street Journal

Japan's Biggest Bank Freezes Transactions With Iran

TOKYO—Japan's largest bank, Bank of Tokyo-Mitsubishi UFJ, said Thursday it has frozen financial transactions with Iran's government and central bank, as ordered by a U.S. federal court. The freeze, arising from a long-running court case over the 1983 bombing of a U.S. Marine barrack in Lebanon, ...

May 17, 2012

Reuters

Japan's Idemitsu renews Iran oil deal, cuts volume

Reuters

Japan's Idemitsu renews Iran oil deal, cuts volume

Japanese oil refiner Idemitsu Kosan Co has renewed its annual crude oil purchase deal with Iran but cut the volume in line with its peers to comply with U.S. sanctions against the Islamic nation, industry sources said on Friday. The United States and European Union have stepped up measures to ...

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Wall Street Journal

Idemitsu, JX, Cosmo Oil Renew Crude Term Contracts With Iran

JX renews term contract to buy 80,000 barrels a day from Iran -- EU sanctions from July 1 to make Iran imports more complicated -- Bank of Tokyo-Mitsubishi freezes transactions with Iran's government (Adds comments from Toyota Tsusho and Cosmo, Showa Shell declines to comment, background) TOKYO ...

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