EU Reaches Agreement On New Iran Sanctions, Report Says

Law360, New York (October 12, 2012, 6:12 PM EDT) -- The European Union reportedly reached a preliminary agreement on Friday over a broad array of new sanctions targeting Iran's energy, commerce, financial and transportation sectors in a move aimed at forcing the country to negotiate over its nuclear activities.

The new punitive measures were reached after weeks of talks between European Union diplomats and are set to be signed on Monday in Luxembourg, according to a Dow Jones report. The sanctions are viewed as among the strictest measure yet against Iran and come after previous efforts...
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