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  Av 7, 5768 , 08/08/08

New EU Sanctions on Loans to Iran

European Union nations have introduced fresh sanctions against Iran over its nuclear program, including restrictions on public loans and tougher cargo inspections, the EU presidency announced Friday.

AFP reported that the measures, which are in line with an agreement by European ambassadors last month, are "a robust application of the latest UN Security Council resolution on Iran."

While the UN has called for "vigilance" in entering into new commitments for public-provided financial support for trade with Iran, including the granting of export credits, the EU has gone further by urging member states to exercise "restraint" in its dealings with Iran in those areas.

Other archived news briefs:Aug 08 2008, 02:42 PM, 8/8/2008