EU approves ban on Iran oil imports, central bank sanctions

European Union foreign ministers approved  a ban on Iranian crude oil imports on Monday, aiming to choke off Tehran's chief source of income and pressure it to hold back its disputed nuclear activities, Army Radio reported.
But to protect Europe's economy, struggling with a two-year-old debt crisis, they agreed to delay full implementation of the oil embargo until July 1, an EU diplomat said.
The ministers also approved sanctions against the central bank of Iran, although they may provide a list of specific exemptions to the restrictions.
Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use and privacy policy