July 1, 2012, the EU will officially embargo Iran's oil_Steel News_News

July 1, 2012, the EU will officially embargo Iran's oil

Release Date:2012-05-05 Hits:394
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The EU expressed its view of the serious and deep concern on Iran's nuclear programWorld Steel Pipe , the effective date of July 1, 2012 for the ban on the country's oil, so that the existing contract is finished.

Council of Europe has also frozen the assets of the Central Bank of Iran in the EU, while ensuring that legitimate trade to continue in accordance with strict conditions.

Council of Europe issued a statement on Monday said the EU has agreed to an unprecedented sanctions against Iran, announced that the embargo on Iranian oil and petrochemical products, and the Central Bank of Iran to implement the new restrictions world pie network information .

The statement also gold and other precious metals trade ban with Iran's public institutions, the ban on the import of Iranian petrochemical products, and implementation of other restrictions on the other three and the other eight entities.

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