Friday 29 March 2024
 
»
 
»
Story

EU sharply expands sanctions against Iran

Brussels, May 23, 2011

The European Union significantly expanded its sanctions against Iran on Monday, reflecting mounting frustration over a lack of progress in nuclear talks with Tehran, EU diplomats said.

EU foreign ministers agreed at a meeting in Brussels to add about 100 new entities to a list of companies and people affected by EU sanctions, such as asset freezes.

"It's been adopted," one EU diplomat said.

World powers say they suspect Iran is trying to develop atomic weapons under the cover of its declared civilian nuclear energy programme, but Tehran says it needs nuclear power to meet a growing domestic demand for electricity.

Talks with Iran on suspending the nuclear programme in return for trade and technology have ground to a halt. - Reuters




Tags: Iran | EU | Nuclear | atomic | Sanctions |

More Economy Stories

calendarCalendar of Events

Ads