EU Homing In on Iran Sanctions Yet Again

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.

The ink on a list of newly sanctioned Iranians has barely dried, but the EU is already homing in on another set of penalties. Ukrainian officials have highlighted the use of Iranian-made drones in Russian attacks across Ukraine since mid-September. Several reports and intelligence assessments have concluded the drones were most likely delivered during the summer to be used in the war — but member states want proof before deciding on further sanctions against the Islamic Republic, which vehemently denies any such allegations. It is likely the EU will make progress this week, and aim to have new penalties in place by November. In the meantime, NATO will deliver counter drone systems to Ukraine, Secretary General Jens Stoltenberg said yesterday.