BREAKING NEWS

EU approves new sanctions on Iran

By ASSOCIATED PRESS

JUNE 17, 2010 17:16

BRUSSELS — European Union leaders on Thursday adopted a new set of sanctions against Iran in a further effort to stall its disputed nuclear program.

The restrictions, which come on top of sanctions already imposed by the UN Security Council, were approved during a summit focused primarily on economic issues, spokeswoman Maja Kocijancic said.

A statement said the sanctions target dual-use items that could be used as part of a nuclear program, and Iran's oil and gas industry — including the "prohibition of new investment, technical assistance and transfers of technologies."

Iran's shipping and air cargo companies will be banned from operating in EU territory, and new visa bans and asset freezes will be imposed on Iran's Revolutionary Guard. The sanctions also encompass trade insurance and financial transactions.

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