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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)