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[Der Spiegel-Germany] - Berlin and Brussels are increasingly prepared to impose massive embargoes on Iran unless Tehran signals soon that it's ready to compromise in their nuclear dispute. Germany and the EU are considering stopping all exports of gasoline to Iran. Diplomats are also considering banning Iranian ships or aircraft from docking or landing in the EU. Major insurance companies that insure many freight shipments to and from Iran, such as Lloyd's, may be forced to cease such deals. The German government will initially try to get these additional sanctions passed by the UN Security Council, where veto powers China and Russia have been hesitant on measures against Iran. But senior German diplomats have said the EU and the US would be prepared to impose "very strict sanctions" on their own. 2009-08-18 06:00:00Full Article
Germany, EU Increasingly Ready to Impose Tough New Sanctions on Iran
[Der Spiegel-Germany] - Berlin and Brussels are increasingly prepared to impose massive embargoes on Iran unless Tehran signals soon that it's ready to compromise in their nuclear dispute. Germany and the EU are considering stopping all exports of gasoline to Iran. Diplomats are also considering banning Iranian ships or aircraft from docking or landing in the EU. Major insurance companies that insure many freight shipments to and from Iran, such as Lloyd's, may be forced to cease such deals. The German government will initially try to get these additional sanctions passed by the UN Security Council, where veto powers China and Russia have been hesitant on measures against Iran. But senior German diplomats have said the EU and the US would be prepared to impose "very strict sanctions" on their own. 2009-08-18 06:00:00Full Article
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