BREAKING NEWS

Tougher EU sanctions against Iran come into force

By REUTERS

DECEMBER 22, 2012 13:23

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.

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.

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