The Jerusalem Post
Jpost search icon google-icon iphone
  Set as Homepage
Sun, May 19, 2013   10 Sivan, 5773
newspapers magazines
 
    • Breaking News
    • Diplomacy & Politics
    • Defense
    • National
    • Mideast
    • Syria
    • Iran
    • World
    • Business
    • Sports
    • Health & Science
    • Environment
  • Video
  • Opinion
    • Columnists
    • Editorials
    • Op-Eds
    • Letters
  • Jewish World
  • Lifestyle
    • Arts & Culture
    • Food & Wine
    • Travel
  • Features
    • Insights & Features
    • Week in review
    • On the Web
    • Shalva Superheroes
    • Obama in Israel
  • Blogs
    • In the news
    • Judaism
    • From the Middle East
    • Lifestyle
    • Aliya
    • Science and Technology
  • JPost Apps
    • iPhone app
    • iPad app
    • Android app
    • Twitter
    • Facebook
    • RSS feeds
    • JPost Toolbar
    • JPost Newsletter
    • JPost Alert
  • Premium Zone
    • The Jerusalem Report
    • The Experts
    • 20 Questions
    • e-paper
    • Ivrit
    • Christian Edition
    • Dash
    • Magazine
    • Metro
    • In Jerusalem
  • French
    • Politique & Social
    • Affaires Palestiniennes
    • Diplomatie & Monde
    • Art & Culture
    • Israel
  • Green Israel
JPost Learn Hebrew  
Advertise with us  
Nefesh Guided Aliyah  
Eldan  
AFMDA  
Africa Israel Group  
Isram Group  
Kupat Ha  
JPost Twitter  
JPost Facebook  
Classifieds  
         
 
 
    
Breaking News
 
 
  • JPost.com
  • Iranian Threat
  • News
 

Tougher EU sanctions against Iran come into force

By REUTERS
12/22/2012 13:09
Tweet

New sanctions include bans on financial transactions, sales of shipping equipment, natural gas imports from Tehran.

Iran currency exchange
Iran currency exchange Photo: REUTERS/Raheb Homavandi

BRUSSELS - 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.

  • New US sanctions to trap more Iran oil revenue
  • UN sanctions Iran firms that shipped arms to Syria

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.

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.

Click here for full Jpost coverage of the Iranian threat

In a statement, Britain's foreign office said there was a clear need "for an urgent solution."

"Iran's leaders know that sanctions are having a significant impact," Britain's Minister for the Middle East and North Africa Alistair Burt said.

"They should be in no doubt that the international community will keep up the pressure until they are ready to negotiate in good faith and take the concrete steps needed to convince the international community that they are not building a nuclear weapon."

The new sanctions mark a significant change of policy for the 27-member bloc, which previously sought mainly to target specific people and companies with economic restrictions.

It has lagged the United States in imposing blanket industry bans because it is anxious to avoid penalizing ordinary Iranian citizens, while punishing the Tehran government.

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.

In a statement, the European Commission said the new law brought the number of entities subject to sanctions to 490 and the total number of persons to 105.

The latest companies added to the banned list include energy and steel distribution firms and financial companies.

The latest individual to be added is Babak Zanjani, owner of the Sorinet Group, based in the United Arab Emirates. He is referred to as "a key facilitator for Iranian oil deals and transferring oil-related money".

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.

  • Send
  • Large
  • Small
  • Print
  • Share
Most Viewed in
1
Iran hangs two spies for spying for Israel, US
2
Jalili: Iran doesn't recognize Israel's 'red line'
3
Erdogan: No decision yet on further Iran oil import
4
US senators urge Obama to up Iran sanctions
JPost Community
Tweet
Iran sanctions EU nuclear program financial transactions natural gas shipping equipment steel
Share this article
Tweet
Share
Send
Your comment must be approved by a moderator before being published on JPost.com. Disqus users can post comments automatically.

Comments must adhere to our Talkback policy. If you believe that a comment has breached the Talkback policy, please press the flag icon to bring it to the attention of our moderation team.
JPost Services
conferenceConference
newsletterNewsletter
iphoneMobile Apps
kotelcamKotel Cam
kolboJPost Alert
premiumPremium
JPost TV News  
Mobile Apps  
Bank Hapoalim  
Meir Panim  
Yad Ezra  
Rambam Hospital  
TourLuxe  
Zev Goldstein PLLC  
Penrose Gallery  
JPost Premium Zone  
JPost kotel Camera  
         
 
Israel Focus
JPost TV News
Coming soon to a screen near you!  
Nefesh B'Nefesh Guided Aliyah
Already living in Israel? Enjoy the Benefits of Aliyah!  
Give "Freedom" this Passover
to needy Israeli families. Donate now  
Intelligence Squared
The international debate forum, announces it is coming to Israel  
Bank Hapoalim
Israeli's number one bank  
Jerusalem Post Lite
Lite Edition of the Jerusalem Post for English improvement  
Learn Hebrew with us
Get 10 minutes free personal coaching in Hebrew through phone or Skype  
JPost newspapers
Sign up for the JPost newspapers and receive one month free subscription  
Kosher English Magazine
English language weekly magazine - especially for religious people  
JReport Kindle Edition
Now you can get the Jerusalem Report directly to your Kindle  
JPost Premium Edition
The very best articles are available only in our Premium edition  
Lifestyle Magazine
 
 
Real Estate
Don't Look For a House!
In Israel, our website will do it for you!  
 
Travel
Eldan Rent a Car
20% off all Car Rental Reservations in Israel  
Hertz Car Rental
Special Online Discounts!  
The King David Jerusalem Hotel
One of the world's truly iconic hotels, and a Jerusalem landmark  
 
 
 

Sites Of Interest:

Jerusalem Hotels
KKL-JNF
Poalim Online
BreitBart.com
Our Friends
Jerusalem Attractions
Jerusalem Tours
itraveljerusalem.com

JPost sites:

Learn Hebrew
The Jerusalem Report
Our Magazines
JPost Edition Francaise
Green Israel
Christian World
Jerusalem Post Lite

Services:

JPost Mobile Apps
JPost Premium
JPost Newsletter
JPost Toolbar
JPost News Ticker
JPost RSS feeds
JPost Archives
JPost Alert
JPost Kotel Cam

JPost Conferences:

NYC Conference
Diplomatic Conference

Information:

About Us
Feedback
Staff E-mails
Copyright
Sitemap
News Partners
Advertise with Us
Price List
Statistics
Ad Specs
Terms Of Service
Jpost.com, the online edition of the Jerusalem Post Newspaper - the most read and best-selling English-language newspaper in Israel. For analysis and opinion from Israel, the Jewish World and the Middle East. Jpost.com offers expert and in-depth reporting from Israel, the Jewish World and the Middle East, including diplomacy and defense, the Palestinian-Israeli conflict, the Arab Spring, the Mideast peace process, politics in Israel, life in Jerusalem, Israel's international affairs, Iran and its nuclear program, Syria and the Syrian civil war, Lebanon, the Palestinian Authority, the West Bank and Gaza Strip, Israel's world of business and finance, and Jewish life in Israel and the Diaspora.
 
About Us | Advertise with Us | Subscribe | Premium | Newsletter | RSS | Contact Us
 
All rights reserved © The Jerusalem Post 1995 - 2012