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[Financial Times-UK] Daniel Dombey and James Blitz - The U.S. and its allies are discussing a "coalition of the willing" that would impose sanctions on Iran's energy and financial sectors without UN backing as concerns increase about Tehran's accelerating nuclear program. A European diplomat told the Financial Times that European countries and the U.S. were planning to impose sanctions on Iran's energy sector as "like-minded countries" - rather than through the UN - and were discussing targeting exports of engineering products for Iranian refineries as well as refined oil itself. He said that Western countries had concluded: "If there is another [UN resolution], it will take a lot of time and there will be very little substance in it." 2008-10-13 01:00:00Full Article
U.S. and EU Plan Iran Sanctions without UN
[Financial Times-UK] Daniel Dombey and James Blitz - The U.S. and its allies are discussing a "coalition of the willing" that would impose sanctions on Iran's energy and financial sectors without UN backing as concerns increase about Tehran's accelerating nuclear program. A European diplomat told the Financial Times that European countries and the U.S. were planning to impose sanctions on Iran's energy sector as "like-minded countries" - rather than through the UN - and were discussing targeting exports of engineering products for Iranian refineries as well as refined oil itself. He said that Western countries had concluded: "If there is another [UN resolution], it will take a lot of time and there will be very little substance in it." 2008-10-13 01:00:00Full Article
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