The European Union today announced new restrictive measures on Iran over its nuclear programme on the conclusion of its one-day summit in Brussels. These measures focus on the areas of trade, especially dual use goods and further restrictions on trade insurance and the financial sector including freeze of additional Iranian banks and restrictions on banking and insurance. <br/><br/>The Iranian transport sector along with key sectors of the gas and oil industry with prohibition of new investment, technical assistance and transfers of technologies are all included in the package of restrictive measures. New visa bans and asset freezes especially on the Islamic Revolutionary Guard Corps are also targeted in the measures. <br/><br/>Meanwhile, the summit confirmed the commitment of the European Union to work for a diplomatic solution of the issue of Iran's nuclear programme. <br/>
News On AIR | June 17, 2010 8:58 PM
EU announces new restrictive measures on Iran