EU to target Iran with new sanctions on firms
The European Union is considering sanctions on 200 Iranian firms and individuals as Western nations increase their scrutiny on Tehran over its nuclear programme.
They will be added to a list of those targeted by a Visa ban and businesses facing an asset freeze, which will be announced by EU foreign ministers next month, according to sources.
One EU diplomat said members of the 27-nation bloc were also debating whether to target "new areas and industry sectors", which could include oil.
On Monday, Britain severed all links with Iranian financial institutions while Washington announced further sanctions on the country's financial sector and petro-chemical production.
Western powers have increased pressure on Iran following a report by the International Atomic Energy Agency that found elements of its nuclear programme were solely suited for "weaponisation".
Iran described the new sanctions yesterday as "propaganda and psychological warfare". (© Daily Telegraph, London)