Middle East Economic Survey

VOL. LIII

No 31

2-Aug-2010

EU Targets Energy Sector In Tougher Sanctions Against Iran

The EU followed the US in targeting Irans energy sector when it imposed tougher sanctions against the country last week. Aimed at curbing nuclear proliferation, the EU adopted the UN sanctions which were approved on 9 June, and like the US has implemented its own bilateral restrictions.

The US and EU resolved to toughen their own measures after UN Resolution 1929 was watered down by...