EU ROUND UP – EU PUSHES AHEAD WITH IRAN OIL IMPORT EMBARGO
February 1st, 2012
BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has voted to end imports of oil and petroleum products from Iran over concerns it continues to develop nuclear weapons. Existing import contracts can be fulfilled until July 1, with the EU reviewing the ban before May 1. A council communiqué said the ban would "target the sources of finance for the nuclear programme".
In reply, the Iranian parliament debated immediately ending exports to the EU, ahead of the phased in boycott planned by Brussels, (designed to help countries such as Greece ...
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