Does US sanctions affect Iran and the UK economy? The Charter, quoting RT Arabic (Russia Today), announce that US sanctions on Iran affect the UK economy? Does US sanctions affect Iran and the UK economy? Today, we will send you our new news through our Charter and start with the most important news, do US sanctions affect Iran and the UK economy?
Mubarak Rashid Al Mansouri, the Governor of the Central Bank of the United Arab Emirates, ruled out that United States sanctions against Iran have a major impact on the economy of the United Kingdom.
"We do not expect a significant impact on the economy of the United Arab Emirates from US sanctions against Iran," Mansuri said, expecting the UAE's GDP to reach 2.8 percent this year.
The central bank governor also forecast GDP growth of 4.2% in 2019 and 3.6% in the country this year, adding that growth in the third quarter will be 3.1% and non-oil growth 3, 3%.
About the activities of Iranian banks in UAE, Al-Mansouri said that two Iranian banks operating in Emir are engaged in limited Iran-related activities living in the UAE.
On Monday, another package of US sanctions for Iran, which Washington called the "strongest sanctions imposed so far", came into force on Monday. Targeting Iran's oil exports and interrupting international funds from Tehran.
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Source: RT Arabic (Russia today)