{"id":14021,"date":"2014-06-03T09:02:44","date_gmt":"2014-06-03T09:02:44","guid":{"rendered":"http:\/\/praag.org\/?p=14021"},"modified":"2014-06-03T09:02:44","modified_gmt":"2014-06-03T09:02:44","slug":"us-bullies-french-bank-bnp-paribas","status":"publish","type":"post","link":"https:\/\/praag.org\/?p=14021","title":{"rendered":"US bullies French bank BNP Paribas"},"content":{"rendered":"

\"bnpfrance\"<\/a>France would defend the interests of bank BNP Paribas after the information appeared that it faced the prospect of over a $10 billion fine from the United States on charges of violating sanctions on Iran and Sudan, the country\u2019s foreign ministry said, calling such sanctions “unreasonable.”<\/p>\n

“If there is a an error or a violation then it’s normal that there is a fine, but the fine has to be proportionate and reasonable,” French foreign minister Laurent Fabius said on France 2 television. “These figures are not reasonable,” he said.<\/p>\n

Currently, little is known about BNP Paribas’ negotiations with US authorities\u2019 investigation whether it evaded sanctions related primarily to countries Iran, Syria, Sudan between 2002 and 2009.<\/p>\n

US authorities declared that the BNP Paribas, which is the France’s biggest lender, stripped out identifying information from wire transfers so they could pass through the US financial system, Reuters reports.<\/p>\n

Sources familiar with the negotiations said a settlement could include a fine of over $10 billion and other penalties, such as a possible temporary suspension of the bank’s authority to clear US dollar transactions.
\nForeign minister Fabius said that US decision would raise questions over European Union-US trade negotiations given the agreement should be based on reciprocity.<\/p>\n

“But here you would have an example of unfair and unilateral decision. It would be an extremely serious problem.”<\/p>\n

Fabius’ comments come just two days before US President Barack Obama\u2019s visit to France where he is going hold bilateral talks with his French counterpart Francois Hollande.<\/p>\n

“These figures could have a negative impact and BNP could see its funds hit and that means less loans especially for French firms,” Fabius stated.<\/p>\n

“It’s an extremely serious question that the Americans must handle in a spirit of partnership and not unilaterally,” he said.<\/p>\n

Source: Voice of Russia<\/p>\n","protected":false},"excerpt":{"rendered":"

France would defend the interests of bank BNP Paribas after the information appeared that it faced the prospect of over a $10 billion fine from the United States on charges of violating sanctions on Iran and Sudan, the country\u2019s foreign ministry said, calling such sanctions “unreasonable.” “If there is a an error or a violation … Continue reading “US bullies French bank BNP Paribas”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":14022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,3],"tags":[8998,8997,174,1061,1638],"class_list":["post-14021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-finance","category-news","tag-bnp-paribas","tag-bully","tag-iran","tag-sanctions","tag-us"],"cc_featured_image_caption":{"caption_text":false,"source_text":false,"source_url":false},"jetpack_featured_media_url":"https:\/\/praag.org\/wp-content\/uploads\/2014\/06\/bnpfrance.jpg","_links":{"self":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/14021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14021"}],"version-history":[{"count":1,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/14021\/revisions"}],"predecessor-version":[{"id":14023,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/14021\/revisions\/14023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/media\/14022"}],"wp:attachment":[{"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}