EU Approves Sanctions Against Iran’s Largest Bank
European Union nations approved new sanctions againt the Bank of Meli, Iran’s largest bank on Monday which called for a freeze of all assests of the bank.
The EU said it will also announce Tuesday additional financial and travel sanctions — effective immediately — on several Iranian companies and “senior experts” linked to Tehran’s nuclear program.
The 27-nation bloc is also studying sanctions against Iran’s oil and gas sector — but such a step would probably take several months to implement, diplomats say.
Monday’s sanctions were formally adopted without debate at the beginning of EU talks in Luxembourg. EU leaders agreed on the measure at talks in Brussels on Friday.
Western nations fear Iran’s uranium enrichment program could be used to make a nuclear bomb. Iran insists its enrichment work is intended to produce fuel for nuclear reactors that would generate electricity and has vowed to push ahead with uranium enrichment.
One Response to “EU Approves Sanctions Against Iran’s Largest Bank”
Discussion Area - Leave a Comment
You must be logged in to post a comment.
Sherman
What I think is happening is that the EU were counting on Bush to do something. This way they can say that they had nothing to do with it and Bush is evil. I bet when Bush went there last week he let them know they would have to carry the load.