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mlyonsd
01-23-2012, 07:57 AM
EU agrees on Iran oil embargo as part of nuclear sanctions


Published January 23, 2012 | Associated Press

The European Union adopted an oil embargo Monday against Iran and a freeze of the assets of the country's central bank, part of sanctions meant to pressure the country to resume talks on its nuclear program.

Diplomats said the measures, which were adopted in Brussels by the EU's 27 foreign ministers, include an immediate embargo on new contracts for crude oil and petroleum products, while existing contracts will be allowed to run until July.

EU diplomats are calling the measure part of a twin track approach toward Iran: increase sanctions to discourage what they suspect is Iran's pursuit of nuclear weapons but emphasize at the same time the international community's willingness to talk. Iran says its nuclear program is exclusively for peaceful purposes.

British Foreign Secretary William Hague called the embargo part of "an unprecedented set of sanctions."

"I think this shows the resolve of the European Union on this issue," Hague said.

The EU also agreed to freeze the assets of the Iranian central bank, "while ensuring that legitimate trade can continue under strict conditions," the foreign ministers said in a statement. In addition, trade in gold, diamonds and precious medals with the bank and Iranian public bodies will be prohibited.

The EU froze the assets of eight other companies, and imposed visa bans and assets freezes on three Iranians. They will not be identified until their names are published in the EU's official journal on Tuesday.

Together, the measures are intended not only to pressure Iran to agree to talks but also to choke of funding for its nuclear activities.

In October, EU foreign policy chief Catherine Ashton sent a letter to Saeed Jalili, Iran's top nuclear negotiator, saying her goal was a negotiated solution that "restores international confidence in the exclusively peaceful nature of Iran's nuclear program."

She says she has not yet received a reply.

In advance of Monday's decision, negotiators worked hard to try to ensure that the embargo would punish only Iran -- and not EU member Greece, which is in dire financial trouble and relies heavily on low-priced Iranian oil.

The foreign ministers agreed to a review of the effects of the sanctions, to be completed by May 1, a diplomat said. He spoke on condition of anonymity to discuss the subject before the official announcement. They agreed in principle to make up the costs Greece incurs as a result of the embargo.

"It is important to know what will happen to individual countries as a consequence of the sanctions," Ashton said before the meeting.
The National Council of Resistance of Iran, an exile group opposed to the country's clerical regime, welcomed the new sanctions and called for their implementation without delay.

"For over two decades, the Iranian Resistance has called for comprehensive oil and financial sanctions against the religious and terrorist dictatorship ruling Iran," Maryam Rajavi, the organization's president-elect, said in a statement.

The council, founded in 1981, is considered a terrorist organization by the United States, but not by the European Union.

"While the clerical regime is all out to obtain nuclear weapons, a five-month delay in putting these sanctions in full force provides a significant amount of time for this regime to implement its ominous plots," Rajavi said.
German Foreign Minister Guido Westerwelle said it was critical that action be taken.

"This is not a question of security in the region," he said. "It is a question of security in the world."

http://www.foxnews.com/world/2012/01/23/eu-agrees-on-iran-oil-embargo-as-part-nuclear-sanctions/#ixz

jiveturkey
01-23-2012, 08:25 AM
That's a bold move and I like it.

It will increases oil prices for sure but it's better than a full invasion.

BucEyedPea
01-23-2012, 08:46 AM
That's a bold move and I like it.

It will increases oil prices for sure but it's better than a full invasion.

This is the same thing as a blockade. It's an act of war. It may not stave off an invasion either.
We still invaded Iraq. This is just the next phase of war to weaken them so we can than hit.
Prices will not just increase they could soar taking down our own weak economy and Europe's.

jiveturkey
01-23-2012, 08:48 AM
This is the same thing as a blockade. It's an act of war. It may not stave off an invasion either.
We still invaded Iraq. This is just the next phase of war to weaken them so we can than hit.
Prices will not just increase they could soar taking down our own weak economy and Europe's.Is every sanction an act of war?

They're free to ship their oil to China.

BucEyedPea
01-23-2012, 08:58 AM
Is every sanction an act of war?

They're free to ship their oil to China.

Well Ron Paul claims they are under international law. This one, though, isn't just sanctions on someone here doing business with them. They act like a blockade.

I have to laugh at using these to get them to talk, as if they have not cooperated. I can't believe any American believes the lies we continue to get told.

mlyonsd
01-23-2012, 09:09 AM
Well Ron Paul claims they are under international law. This one, though, isn't just sanctions on someone here doing business with them. They act like a blockade.

I have to laugh at using these to get them to talk, as if they have not cooperated. I can't believe any American believes the lies we continue to get told.Wait, you really believe Iran isn't trying to attain nuclear weapons?

Chocolate Hog
01-23-2012, 10:16 AM
That's a bold move and I like it.

It will increases oil prices for sure but it's better than a full invasion.

You like paying 5 dollars a gallon over something that has no effect on you?

BucEyedPea
01-23-2012, 10:18 AM
Wait, you really believe Iran isn't trying to attain nuclear weapons?

There's a lack of evidence is what I've been saying. This is a rinse and repeat of Iraq by the same people. I've been saying this for awhile now.
It's about another regime changed—not really about nukes. Nukes are the pretext.

jiveturkey
01-23-2012, 10:23 AM
You like paying 5 dollars a gallon over something that has no effect on you?I believe that Iran having a nuclear weapon does affect me.

I also believe that $5/gallon is a nice alternative to war.

Chocolate Hog
01-23-2012, 10:25 AM
I believe that Iran having a nuclear weapon does affect me.

I also believe that $5/gallon is a nice alternative to war.

It does? How so? Did it effect you when Pakistan got a nuclear weapon?

jiveturkey
01-23-2012, 10:30 AM
It does? How so? Did it effect you when Pakistan got a nuclear weapon?The Pakistan weapons have not affected me. I believe that Iran is more likely to use theirs.

In order of nuclear risk

Iran
North Korean
Pakistan

vailpass
01-23-2012, 11:15 AM
It does? How so? Did it effect you when Pakistan got a nuclear weapon?

Oy vey.

Pants
01-23-2012, 04:23 PM
It does? How so? Did it effect you when Pakistan got a nuclear weapon?

Is Pakistan ruled by batshit crazy extremists?

RaiderH8r
01-23-2012, 04:27 PM
I'm just glad our President had the forethought to secure another supply of crude oil from a friendly neighbor and close ally lest the inflation that comes along with high gasoline prices imperil our fragile recovery. Oh wait...he pandered to his leftist cronies didn't he? That's right. That's the President Obama I remember. Christ, if Obama stepped in dogshit somebody would have to tell that dolt that just because he stepped in shit it doesn't mean he has to clean it off with his hands. What. An. Idiot.

BucEyedPea
01-23-2012, 04:27 PM
I believe that Iran having a nuclear weapon does affect me.

I also believe that $5/gallon is a nice alternative to war.

Did it affect you when the Soviet Union had them?
And $5 a gallon gas is a prelude to war—not an alternative to war.
Remember gas was high when we went to war on Iraq.