European Union sanctions called into question following increase in shipments arriving in the MediterraneanThe effectiveness of an EU embargo on Iranian oil imports has been cast into doubt by growing evidence of a rise in shipments from the Islamic republic arriving in the Mediterranean.
Tag: embargo
Iran says EU oil embargo will be ineffective
TEHRAN, Iran – Tehran’s intelligence chief has shrugged off a new EU ban on the purchase of Iranian oil, insisting the world economy is so diversifed that sanctions will be ineffective.
EU to sanction Iran bank, Greece holds up oil embargo
By Claire RosembergBRUSSELS (AFP) — EU nations Thursday agreed to sanction Iran’s central bank, freezing assets used to finance its nuclear drive, but have yet to clinch an oil embargo deal that could penalise debt-hit Greece.
EU, Japan prepare for Iran oil embargo
Europe and Japan moved ahead on Tuesday in planning for punitive cuts in oil imports from Iran, where a senior official dismissed Western anger at news Tehran is enriching uranium deep underground as cover for ulterior motives.
Exclusive: In major blow, EU agrees embargo on Iranian crude
By Justyna Pawlak and Parisa HafeziBRUSSELS/TEHRAN, Jan 4 (Reuters) – European governments have agreed in principle to ban imports of Iranian oil, EU diplomats said Wednesday, dealing a potentially heavy blow to Tehran that crowns new Western economic sanctions imposing real pain just months before an Iranian election.