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Thursday, 19 May 2011 - EU set sharply to expand Iran sanctions: diplomats |
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    Edition: U.S. Article Comments (0) Full Focus Editor's choice A selection of our top photos from the past 24 hours.   Full Article  Follow Reuters Facebook Twitter RSS YouTube Read Predictor of May 21 Judgment Day to monitor news broadcasts | 11:06am EDT Media zoom in on mystery Schwarzenegger mistress | 18 May 2011 Cannes expels Von Trier for Hitler remarks | 11:11am EDT Strauss-Kahn may face civil suit for alleged assault 8:13am EDT LinkedIn share price almost doubles in NYSE debut | 11:09am EDT Discussed 100 Texas county official says ”stupid” feds sparked fire 80 Israel-Palestinian violence erupts on three borders 66 Boehner says ready to cut budget deal today Watched Fire ants form rafts to defy floods Tue, Apr 26 2011 Strauss-Kahn photo released 4:08am EDT Schwarzenegger's mistress identified, Oprah hosts celebrity send-off 1:43am EDT EU set sharply to expand Iran sanctions: diplomats Tweet Share this By Justyna Pawlak and Ilona Wissenbach BRUSSELS (Reuters) - The European Union is expected to expand its sanctions against Iran significantly Monday, reflecting growing frustration among Western powers with a lack of progress in nuclear talks with... Email Print Related News Troops deploy in Syrian village, U.S. sanctions Assad 11:39am EDT North Korea, Iran trade missile technology: U.N. Sat, May 14 2011 Japan approves Tepco nuclear claims plan, reactor leaks Fri, May 13 2011 Greece needs more measures to meet bailout terms: EU Fri, May 13 2011 China eases trade rules, allows U.S. fund sales Wed, May 11 2011 Analysis & Opinion The big, and little, mortgage-fraud news The break-up of the union will benefit nobody Related Topics World » By Justyna Pawlak and Ilona Wissenbach BRUSSELS | Thu May 19, 2011 11:36am EDT BRUSSELS (Reuters) - The European Union is expected to expand its sanctions against Iran significantly Monday, reflecting growing frustration among Western powers with a lack of progress in nuclear talks with Tehran, EU diplomats said. The 27 member governments are set to add about 100 companies to the bloc's embargo list -- including German-based bank EIH, which specializes in business in Iran -- at a meeting in Brussels. "There is a list of about 100 companies to be added to the EU sanctions Monday," one EU diplomat told Reuters on Thursday. "Among those companies is the European Iranian ... Bank," said another diplomat, referring to EIH (Europaeisch-Iranische Handelsbank or European-Iranian Trade Bank). "There would now be enough evidence that the bank financed companies involved in Iran's nuclear program." The bank is already on the U.S. sanctions list. Western powers say they suspect Iran is trying to develop atomic weapons under the cover of its declared civilian nuclear energy program. Tehran says it needs nuclear power to meet a growing domestic demand for electricity. World powers have tried to persuade Iran to suspend its nuclear program in return for trade and technology, but talks have ground to a halt. The EU's foreign policy chief, Catherine Ashton, expressed her frustration Tuesday at their lack of progress. Ashton said after meetings with U.S. Secretary of State Hillary Clinton that the EU had wanted a "stronger and better" reply from Iran to her call to revive the talks, and said there appeared little room for new negotiations for now. "I do urge Iran to think again and to consider coming back to the table ... But from the letters that I've received, I don't see that at the present time," Ashton said. She was referring to a letter this month from Iran's chief nuclear negotiator, Saeed Jalili, in which he said any talks should be just and "refrain from resorting to pressure instruments." Analysts said his message was that Tehran would stick to its refusal to address its uranium enrichment drive. The last talks, held in Istanbul in January, broke down after Iran rejected any notion of suspending the enrichment program in return for benefits offered by negotiators. (Editing by Rex Merrifield and Tim Pearce) World Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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