ISSN 2330-717X

Rigorous EU Sanctions Against Iran Come Into Force

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Rigorous new sanctions against Iran’s banking, shipping and industrial sectors took effect on Saturday, as part of the European Union’s effort to force Tehran to scale back its nuclear program.

The sanctions, agreed in October, entered EU law with their publication in the European Union’s Official Journal on Saturday.

The toughest EU measures yet, they include bans on financial transactions, sales to Iran of shipping equipment and steel, and imports of Iranian natural gas, adding to earlier bans, including on the OPEC producer’s oil.

Iran
Iran

They reflect heightened concern over Iran’s nuclear goals and Israeli threats to attack Iranian atomic installations if diplomacy and other measures fail to deliver a solution.

Diplomats say they hope talks with Iran can resume in January, but are waiting for an answer from Tehran, which maintains its nuclear program is for purely peaceful purposes.

Sanctions have increasingly inflicted severe pain on the Iranian economy, although the country has years of experience of circumventing them by using front companies and tortuous shipping routes.

The new European measures make clear natural gas shipments are prohibited in any form and swapping, as opposed to simply buying, cargoes is also outlawed.

While imposing a general ban on financial transactions, they make exceptions for those involving humanitarian aid, food and medicine purchases and provisions for legitimate trade.

Iran says its nuclear project has only peaceful energy purposes and has refused in three rounds of talks since April to scale back its uranium enrichment activity unless major economic sanctions are rescinded.



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VOR

VOR

VOR, or the Voice of Russia, was the Russian government's international radio broadcasting service from 1993 until 2014, when it was reorganised as Radio Sputnik.

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