Economics
EU Sets Sanctions on Iran in Bid to Halt Nuclear Work
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European Union governments imposed their toughest sanctions yet on Iran, backing U.S. efforts to force the clerical regime to halt uranium enrichment and stop any pursuit of a nuclear weapons capability.
The package includes a ban on new investment in or equipment sales to Iran’s oil and natural-gas industries, restrictions on export-credit guarantees and insurance, and closer monitoring of banks doing business with Iran.