Morocco has decided to suspend all bank transfers with Iran and to ban the import of carpets and raw materials, in response to the new US sanctions against Tehran.
This came in a document sent by the Ministry of Foreign Affairs and International Cooperation to Moroccan banks, warning them not to deal with Iranian assets and investments, after receiving a note from the US Embassy in Rabat on the new economic sanctions against Tehran.
The document which was shared with the Moroccan banking sector, details the dates of the US re-imposed sanctions on Iran and when it goes into effect against dealing with assets and investments of Iranian origin, and said the 90-day transitional period granted by the US administration ended on Monday, August, 6.
Last year, trade between Morocco and Iran amounted to more than $4 mln.
Morocco severed all diplomatic ties with Iran early May, because of its support for the Polisario Front, which seeks independence for Western Sahara.
Also Read
-
Morocco severs ties with Iran over alleged ties with Polisario Front
Morocco will sever diplomatic ties with Iran over Tehran's support for the Polisario Front, a Sahara independence movement, the Moroccan foreign ... North Africa -
Bahrain, UAE support Morocco’s decision on severing ties with Iran
United Arab Emirates Minister of State for Foreign Affairs Anwar Gargash said the UAE supports Morocco’s decision to sever its ties with Tehran ... North Africa
