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Syria-Lebanon-Iran
EU imposes sanctions on Iran oil
2012-01-24
[Iran Press TV] Foreign ministers of the European Union
...the successor to the Holy Roman Empire, only without the Hapsburgs and the nifty uniforms and the dancing...
have imposed sanctions on Iranian oil imports over the country's peaceful nuclear program during their Monday meeting in Brussels.

The sanctions involve an immediate ban on all new oil contracts with Iran and a freeze on the assets of Iran's Central Bank within the EU.

According to an EU diplomat, the ministers have agreed to delay full implementation of the oil embargo until July 1, in order to protect Europe's economy, which is struggling with a two-year-old debt crisis.

EU foreign policy chief, Catherine Ashton, told news hounds that the sanctions are aimed at pressuring Iran to return to talks over the nuclear program.

"I want to see Iran come back to the table and either pick up all the ideas that we left on the table...last year...or to come forward with its own ideas," she added.

Meanwhile,
...back at the argument, Jane reached into her purse for her .38...
British Foreign Secretary William Hague called the embargo part of "an unprecedented set of sanctions."

"I think this shows the resolve of the European Union on this issue," he added.

German Foreign Minister Guido Westerwelle noted that imposing sanctions was a vital action to be taken to guarantee "security in the world."

Iran's oil accounts for more than one-third of Greece's total oil imports, 15 percent of Spain's and over 12 percent of Italia's.

The EU has also imposed a ban on the sale of gold, diamonds, and other precious metals to Iran.

The anti-Iran measure has drawn immediate reaction from Russia.

Russian Foreign Minister Sergei Lavrov rejected unilateral sanctions against Iran, saying the sanctions would be "unhelpful."

"Unilateral sanctions do not help matters," Lavrov said on Monday. "We will restrain everyone from making harsh moves. We will seek the resumption of negotiations.

Tehran has warned that the embargo will have negative consequences, increasing price of oil.
Posted by:Fred

#5  EUROPEAN UNION ...

versus

* DEFENCE.PK/FORUMS > CHINA HIRES AT LEAST TWO SUPERTANKERS [possibly up to FOUR?] FOR IRANIAN OIL, DATA SHOWS.

Two ships' combined capacity is circa 2.0Milyuhn barrels.

versus

* CHINA DAILY FORUM > PEAK OIL AROUND 2017 [followed by permanent? decline]: AUSTRALIAN GOVT. REPORT ON LONG-TERM OIL SUPPLY TRENDS + PROJECTIONS.

Thanx to our desired future OWG-NWO's consensus on no consensus, by and for same, it prolly will delay until Year 2040 or so any serious move to internationally outlaw "fracking".

But I digress ...
Posted by: JosephMendiola   2012-01-24 23:01  

#4  Winter fuel supplies ?
Posted by: Theger Craimble5834   2012-01-24 22:11  

#3  What makes them think they can go cold turkey in July any easier than today?
Posted by: Ebbang Uluque6305   2012-01-24 18:20  

#2  I don't know, American Delight. Israel is very displeased that the European sanctions won't really go into effect until July.
Posted by: trailing wife   2012-01-24 12:12  

#1  Interesting that Pres. Obama opposed the latest bipartisan sanctions measure in the U.S. Senate on the grounds that it was "too stringent" and would turn off our allies and make it harder to act in concert against Iran.

Clearly, the measure didn't alienate Europe at all.
Posted by: American Delight   2012-01-24 06:39  

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