EU sets deadline for Iran oil embargo

Article reported that European Union Member States were coalescing around a 1 July 2012 deadline fully to implement an embargo against Iranian oil imports, a timescale that would align the bloc with US plans to impose related restrictions.

Meanwhile, European diplomats also reported fresh momentum in efforts to sanction Iran’s central bank – a campaign that has largely been overlooked amid the headlong rush toward an oil embargo.

ESO: Background information: EU countries preparing oil ban on Iran http://www.europeansources.info/record/eu-countries-preparing-oil-ban-on-iran/

EUObserver, 18.1.12: Iran oil, gold and banks on EU hitlist http://euobserver.com/24/114931

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