The European Union is expected to impose its own set of sanctions on Iran beyond the measures approved by UNSC on Wednesday. AFP is reporting that the new EU sanctions would target Iran’s oil and gas industry with “prohibition of new investment, transfer of technologies, equipment and services” [AFP, 11 June].
Friday, June 11, 2010
EU New Sanctions to Target Iran’s Oil Sector
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2 comments:
Not going to have much impact as China and Asian nations are the biggest customers and investors in Iranian oil and gas sector. As global demand goes up and oil shortages hit again soon with higher prices, these hypocritical Europeans will be first ones to line up for Iranian oil.
They are being squeezed out by the Asians.. and I mean that to be good.
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