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December 01, 2011

EU to slap new sanctions on Iran's officials and firms

December 01, 2011

December 01, 2011

A Note on the sanctions. There are two major sets that would inflict considerable damage on the Iranian economy, one targeting the Central Bank, depriving it of much needed hard currency. Two, targeting the much needed oil revenues. Although Iran has shifted more than 80% of its oil exports to the East, a drop in their revenues would be harmful. Just watch out for central bank sanctions, they are the key. Imagine, the Iranian regime with no $$$ or Euros to pay its proxies!

Here is the BBC story on sanctions:

The European Union has agreed to impose fresh sanctions on 180 Iranian officials and firms over Tehran's controversial nuclear programme. Ministers meeting in Brussels also agreed to work on other measures that could target Iran's energy sector. The sanctions follow a UN report linking Iran to the development of a nuclear weapon. Iran denies the claims. The EU measures also come two days after hundreds of Iranian protesters stormed the UK embassy in Tehran. Britain announced on Wednesday it was expelling all Iranian diplomats from London, after pulling its own out of Tehran.


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