INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Sanctioned Iran general tells EU to ‘buy coal’ with assets

Bagheri called the imposition of EU sanctions a "mistake" similar to those the United States made when it sanctioned him in 2019. (AFP)
  • Ukraine war has pushed energy prices skywards, with Russia withholding gas deliveries to most of Europe in reaction to Western sanctions
  • Bagheri called the imposition of EU sanctions a "mistake" similar to those the United States made when it sanctioned him in 2019
TehranIran– A top Iranian general sanctioned by the European Union for allegedly supplying Russia with drones has mocked the bloc by telling them to “buy coal” for winter with his assets, media reported. 

 

The chief of staff of the armed forces, Major General Mohammad Bagheri, was among three Iranian military officials put on recent EU and British sanctions lists.

Kyiv and its Western allies have accused Moscow of using Iranian-made drones in attacks on Ukraine in recent weeks. Tehran denies having provided Moscow weapons “to be used” in the war.

“They are allowed to identify and confiscate all the properties and assets of Major General Mohammad Hossein Bagheri in banks around the world and use them to buy coal for European citizens, a difficult winter is ahead,” Bagheri said in a message posted by local media, including Tasnim and Fars news agencies, late Sunday.

The sanctions are largely symbolic, as they include a ban on entry and the freezing of any assets they hold in the bloc.

The war in Ukraine has pushed energy prices skywards, with Russia withholding gas deliveries to most of Europe in reaction to Western sanctions.

The EU’s 27 member states have been squabbling for months over measures to lower energy bills as winter nears.

Bagheri called the imposition of EU sanctions a “mistake” similar to those the United States made when it sanctioned him in 2019.

Last month, Kyiv decided to significantly reduce its diplomatic relations with Tehran over alleged arms deliveries to Moscow.