S Korea to announce sanctions on Iran as early as Wednesday: media

18:20, September 07, 2010      

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South Korea is planning to announce its sanctions on Iran for its contended nuclear program as early as Wednesday, local media reported Tuesday.

Government ministries concerned will jointly announce sanctions on Tehran, which would likely include two-month business suspension for the Seoul branch of an Iranian bank, Seoul's semi- official Yonhap News Agency reported, citing an unidentified diplomatic source.

Seoul had conducted a probe into the Seoul branch of Bank Mellat, the only Iranian bank in the country, to look for possible illicit financial transactions that the United States claims aided Iran's controversial nuclear program.

Washington has been pressing Seoul, its major Asian ally, to join the drive to further punish Iran for the nuclear program suspected as a cover for developing nuclear weapons. Tehran has said its nuclear activities are all for peaceful purposes.

Source: Xinhua

(Editor:张茜)

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