16 October 2012

EU Imposes New Sanctions on Iran

The European Union (EU) is to impose new sanctions on Iran for its lack of cooperation in disclosing details about its nuclear program, which is suspected to be used as a cover for the development of nuclear weapons. The sanctions will likely include a ban of financial transactions between European and Iranian banks and certain trade bans. They follow earlier sanctions imposed by both the United States and the EU.

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Source: BBC | EU imposes new sanctions on Iran

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