Egypt's PM heads to Japan for TICAD 9 Africa development summit    National Council for Childhood reviews plan to combat child labour    Egypt's Supreme Organ Transplant Committee strengthens oversight, standards    Indian tourist arrivals to Egypt jump 18.8% in H1-2025: ministry data    African agribusiness market expected to reach $1tr by 2030    Price cuts underway across Egypt, says trade federation report    Zelenskyy seeks US security guarantees as Trump says he can 'end war now'    Israelis protest for hostage deal amid growing pressure on Netanyahu    Serbia's Vucic vows 'tough measures' against protesters after unrest    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt delivers over 30 million health services through public hospitals in H1 2025    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EU ministers to approve tighter sanctions on Iran
Published in Daily News Egypt on 20 - 07 - 2010

BRUSSELS: European Union foreign ministers will adopt tighter sanctions against Iran next week, including measures to block oil and gas investment and curtail its refining and natural gas capability, EU diplomats said.
A draft declaration prepared for a meeting of EU foreign ministers showed they would approve a decision taken by EU leaders on June 17 to adopt further sanctions over Tehran's nuclear program, and also call on Iran to resume talks.
The measures, which go beyond steps approved by the United Nations on June 10, are designed to put pressure on Tehran to return to talks on its uranium enrichment program which Western powers believe is designed to produce nuclear weapons.
The draft declaration says the ministers, who meet in Brussels on Monday, will approve the new sanctions "in accordance with the European Council Declaration of 17 June", referring to the decision taken by EU leaders at a summit.
It said the measures were adopted "with a view to supporting the resolution of all outstanding concerns regarding Iran's development of sensitive technologies in support of its nuclear and missile programs, through negotiation".
The declaration is still to be endorsed by EU ambassadors, meeting in Brussels this week, but big changes are unlikely.
The new EU steps focus on trade, banking and insurance, transport including shipping and air cargo, and important sectors of the gas and oil industry.
EU leaders said on June 17 the energy sector sanctions would prohibit "new investment, technical assistance and transfers of technologies, equipment and services related to these areas, in particular related to refining, liquefaction and liquefied natural gas technology".
Iran denies its nuclear program is aimed at producing weapons and says it is for energy and other peaceful purposes.
Increasing pressure on Iran
The measures are intended to put strong financial pressure on Iran, which is the world's fifth largest crude oil exporter but has little refining capability.
But diplomats have also acknowledged that the impact of the sanctions will depend on steps to ensure compliance.
Traders said this month Iran was depending more on friendly powers for fuel supplies because of the sanctions intended to hinder its fuel imports, and was buying about half of its July gasoline imports from Turkey and the rest from Chinese sellers as most other suppliers had stopped selling.
The foreign ministers will also back appeals by EU foreign affairs chief Catherine Ashton for Iran to restart talks in response to a July 6 letter from Iran's chief nuclear negotiator, Saeed Jalili, that proposed resuming dialogue.
"The Council (of foreign ministers) calls on Iran to seize this opportunity to allay the concerns of the international community about its nuclear program and agree on a concrete date for talks with the EU High Representative, together with the six countries," the draft declaration said.
It was referring to the six powers — the United states, Russia, China, Britain, France and Germany — that are involved in discussions on Iran's nuclear program.
Jalili's proposal was the first indication that Tehran is willing to engage with world powers on its atomic program since the United Nations imposed its new sanctions last month.
The US Congress has also drawn up its own set of measures against Iran in addition to the UN sanctions package, parts of which were watered down by Russian and Chinese opposition.


Clic here to read the story from its source.