Switzerland Sanctions Iran But Won't Bar Oil Imports

Law360, New York (July 5, 2012, 6:50 PM EDT) -- The Swiss government announced Thursday that it would join the European Union in tightening economic sanctions against Iran as a response to that nation's continued nuclear ambitions, but noted Switzerland would not implement a ban on oil transactions.

The Federal Authorities of the Swiss Confederation said although Switzerland would clamp down on Iran in a move that brings the European nation “largely in line with the restrictive measures imposed on Tehran by the European Union” earlier in the year, these measures would fall short of an...
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