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EU new sanctions on Iran to target all energy sphere - expert

Oil&Gas Materials 9 September 2012 16:55 (UTC +04:00)
New European unilateral sanctions over Iran will target Iran’s oil, gas, commercial and financial activities, economic expert Mehrdad Emadi told Trend on Sunday.
EU new sanctions on Iran to target all energy sphere - expert

Azerbaijan, Baku, September 9 /Trend D.Khatinoglu/

New European unilateral sanctions over Iran will target Iran's oil, gas, commercial and financial activities, economic expert Mehrdad Emadi told Trend on Sunday.

European Union heavyweights Britain, France and Germany called on their EU partners on Friday to impose new sanctions against Iran over its nuclear program, Reuters reported.

"Sanctions are under review," High Representative of the European Union for Foreign Affairs and Security Policy Catherine Ashton told a news conference in Nicosia, the capital of Cyprus, after the meeting of 27 EU members' foreign ministers.

"Not only to consider whether more sanctions should be taken but to make sure that the enforcement of sanctions is done properly and any ability to evade them is dealt with," she said.

France's Foreign Minister Laurent Fabius said on Saturday the new restrictive measures against Iran would target "financial, commercial and oil aspects."

Fabius said the new sanctions should be ready in time for the next United Nations General Assembly, which gets underway on September 18 in New York. Germany's Guido Westerwelle spoke of the EU adopting the sanctions on October 15.

Emadi said that new round of sanctions includes Iranian gas sector additional to its oil sector, which has been hit before by EU sanctions, namely pressures on more Iran's energy sector has been planned.

EU adopted sanctions on Iran's oil export in Jan.23, which took force in July 1. According to this round of sanctions EU members suspended Iranian oil import and stop covering insurance for tankers that carry Iranian crude oil.

Emadi added that new upcoming round of sanctions over Iran will include tighter measures and supervision over shell companies made in Malaysia and Thailand by Iran to skirt the sanctions, also the companies in Turkey, Cyprus and Greece that help Iran to keep trade and make money transictions with European companies.

Additional to four round of sanctions imposed by UN Security Council to halt Iran's disputed nuclear program, the U.S. and EU have adopted tighter unilateral sanctions on Iran. Iran says its nuclear program is aimed to peaceful purposes.

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