Iran Nuclear NewsEU set to approve new sanctions on Iran

EU set to approve new sanctions on Iran


AP: EU leaders are set to adopt a new set of sanctions against Iran in a fresh effort to stall its disputed nuclear program.

The Associated Press

BRUSSELS (AP) — EU leaders are set to adopt a new set of sanctions against Iran in a fresh effort to stall its disputed nuclear program.

The additional sanctions to be approved Thursday will target Iran’s oil industry, shipping and air cargo operators, and dual-use items that could be utilized as part of the program. They will also include restrictions on trade insurance and financial transactions.

The measures come on top of those adopted last week by the U.N. Security Council, after Iran rebuffed a plan to suspend uranium enrichment and swap its stockpiles of low-enriched uranium for fuel rods.

The U.N. measure seeks to disrupt the money flow to Iran’s Revolutionary Guard. It calls for an asset freeze on 40 additional companies and organizations involved in nuclear or ballistic missile activities.

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