IXGW.com: Home>>Financial News>> Reading

Iranian oil embargo by the EU to freeze Iranian assets in the European Central Bank

EU foreign ministers meeting on January 23 in the Belgian capital Brussels, the meeting against the Iranian nuclear issue through the oil embargo. From now on, the EU and Iran will no longer sign new oil contracts, oil contracts were in force “grace” to the July 1 implementation.

meeting of EU foreign ministers said in a statement, Iran’s refusal to comply with international obligations, failed to fully cooperate with the IAEA deal on its nuclear program for serious concern. According to December 1, 2011 resolution adopted by the EU foreign ministers’ meeting, the EU decided to increase the intensity of sanctions against Iran. Energy, the EU will take the oil embargo; finance, the Central Bank of Iran, the EU will freeze the assets within the EU, and to prohibit financial institutions with EU gold and precious metals transactions.

British Foreign Secretary William Hague said: “The EU sanctions against Iran is unprecedented, suggesting that the EU’s determination to solve related problems.”

German Foreign Minister Weiss Te Weile that the Iranian nuclear problem is not only related to regional security, but also to the global security situation.

EU Foreign and Security Policy High Representative Catherine Ashton pointed out that although the sanctions measures against Iran, but the EU’s diplomatic channels remain open to Iran.

Iran is OPEC’s second largest oil producer within the EU is Iran’s second largest oil export market. Data show that the EU market day from Iran 45 million barrels of crude oil.

sensitive situation in Iran by the impact of high international oil prices are now living. As of press time reporter, London’s Brent crude oil futures prices rose by one percentage point, at $ 110 per barrel or more. Also affected the international price of gold, gold futures prices rose 0.5 percent to $ 1,673 an ounce in intraday trading climbed to the highest point in six weeks $ 1,675.

Iranian government has repeatedly stressed that their nuclear program is peaceful, but the United States and European countries fear Iran will refine uranium for developing nuclear weapons. Russian Foreign Minister Sergei Lavrov said, to restore the dialogue with Iran still possible that Russia will block all parties to take drastic action, unilateral sanctions against Iran without any benefit for problem solving.



Share
Tags:

Related posts

You can leave a response, or trackback from your own site.

Leave a Reply

Best Financial Advice - Financial Planning | IXGW.com