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Sanctions against Iran to start on July 27th

2010-07-26 18:06

The European Union introduces additional sanctions against Iran, due to turn valid tomorrow, on July 27th - RIA Novosti. The EU country leaders gave their political consent for their use on summit on June 17th.


These sanctions include prohibition of investments in oil and gas industry of the country and further restrictions on navigation and financial operations.

Supplies of the products, necessary for nuclear materials, arms and ammunition production, will be banned, as well as supplies or passing equipment or technologies for oil and liquefied natural gas refinement, their prospecting and extraction.

European companies will also be prohibited to render technical or financial aid to Iranian enterprises, involved in key sectors of oil and gas industry; activities of Iranian banks in the EU countries will be tangibly restricted, all cargo air delivery by Iranian companies will be stopped. 

Besides, the EU made a list of 40 Iranian politicians, who will be prohibited to enter the European Union.

The draft decision of the EU Council of Ministers says the measures must incline Tehran to resumption of negotiations on Iran's nuclear program in the framework of 6 countries: Russia, the USA, China, France, Great Britain, and Germany. Iran must agree with the UN demands on allowing specialists and IAEA monitors to all the national nuclear objects.

The USA and other Western countries accuse Iran of developing nuclear weapons under the peaceful atom program guise.

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