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(Financial Times-UK) Joshua Chaffin, Alex Barker and Stanley Pignal - European leaders gave the green light Thursday to wide-ranging sanctions on Iran, bolstering the U.S-led effort to raise pressure on Tehran's nuclear program in the wake of UN action last week. The EU sanctions, backed in principle at a Brussels summit, are perhaps the most sweeping measures by Europe to date. They will target Iran's financial sector, including freezes on Iranian banks and restrictions on insurers, and the oil and gas industry, where they would prohibit new investment or technical assistance for refineries and liquid natural gas facilities. They specifically mention the Islamic Republic of Iran Shipping Line and its subsidiaries, and call for visa bans and asset freezes on members of the Revolutionary Guard. 2010-06-18 09:07:22Full Article
EU Follows U.S. to Tighten Iran Sanctions
(Financial Times-UK) Joshua Chaffin, Alex Barker and Stanley Pignal - European leaders gave the green light Thursday to wide-ranging sanctions on Iran, bolstering the U.S-led effort to raise pressure on Tehran's nuclear program in the wake of UN action last week. The EU sanctions, backed in principle at a Brussels summit, are perhaps the most sweeping measures by Europe to date. They will target Iran's financial sector, including freezes on Iranian banks and restrictions on insurers, and the oil and gas industry, where they would prohibit new investment or technical assistance for refineries and liquid natural gas facilities. They specifically mention the Islamic Republic of Iran Shipping Line and its subsidiaries, and call for visa bans and asset freezes on members of the Revolutionary Guard. 2010-06-18 09:07:22Full Article
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