EU adds Iran's Bank Tejarat to sanctions list

January 24, 2012 09:45

BRUSSELS - The European Union has included Iran's state-owned Bank Tejarat among entities it is blacklisting to raise pressure on Tehran over its nuclear program, according to an EU document published on Tuesday.

EU governments agreed on Monday to an immediate ban on all new contracts to import, buy or transport Iranian crude oil, and to freeze the assets of Iran's central bank. They also agreed to ban all trade in diamonds, gold and other precious metals with the central bank and other public bodies.

The EU said that Bank Tejarat had directly facilitated Iran's nuclear efforts, for example by helping in the movement last year of tens of millions of dollars in an effort to assist Iran's Atomic Energy Organization to acquire yellowcake uranium.

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