Bloomberg, August 08 – European governments imposed new financial sanctions on Iran, inching beyond measures laid down in a United Nations resolution that punishes Iran’s pursuit of a nuclear capability.
Spurred by President George W. Bush, the European Union agreed to exercise “restraint” on new government backing for trade with Iran, going beyond the call for “vigilance” made by the UN Security Council in a resolution in March.
EU governments “shall exercise restraint in entering into new commitments for public provided financial support for trade with Iran, including the granting of export credits, guarantees or insurance,” the 27-nation bloc said in a statement on its Web site in Brussels early today.