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Swiss extend Iran asset freeze

Published: 18 Apr 2012 14:47 GMT+02:00

Switzerland ratcheted up sanctions against Iran on Wednesday, announcing it had frozen the assets of a further 11 businesses and people.

The move brings Switzerland closer into line with measures adopted by the European Union on January 23rd in response to Iran's controversial nuclear programme, a government statement said.

The Iranian Central Bank has escaped sanctions by Bern however, "due to its importance for the Iranian economy."

Iran's nuclear programme is a source of widespread concern in the international community with many accusing the country of developing nuclear weapons.

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