EU says set to agree new Iran sanctions on Monday


The European Union is scheduled to agree a new round of sanctions against Iran on Monday over its refusal to meet international demands to curb its nuclear program, the EU’s Slovenian presidency said.

“They are on the agenda to be adopted today,” a presidency official said of a two-day meeting of EU ministers in Luxembourg starting on Monday. The 27-member bloc has not yet detailed the mew measures but EU diplomats have said they will target the financial sector and notably Iran’s biggest bank, Bank Melli, with an asset and funds freeze. The application of further sanctions on Iran was placed on the agenda of EU ministers as a so-called ‘A Point’, meaning its adoption is a virtual formality.

The United States and the EU agreed this month they were ready to supplement UN sanctions with further measures aimed at ensuring Iranian banks could not support proliferation and terror activities. Iran rejects international suspicions it is seeking the atom bomb and has pursued uranium enrichment as part of what it says is a peaceful nuclear program. (Reuters)


European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.