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Daily Israel Report
11:11
Reported

News Brief

  3/16/2012, Adar 22, 5772

SWIFT Sanctions will Make Iran a Third World Country


Vered Yitzchaki, Director-General of Prico Risk Management said, Friday, that the sanctions announced by the SWIFT financial clearing house on Iran banks, Thursday, will turn the Islamic Republic into a third-world country. 

Interviewed by Israel Defense Forces Radio, Yitzchaki said, "It's a very, very drastic step that shows that the United States and Europe are very determined about the sanctions they are imposing on Iran." She added that "there is no doubt that Iran will make calculations regarding its nuclear program."