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January 20, 2012 4:01 pm

EU Will Vote on Monday to Ban Iran Oil Exports

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EU Parliament building. Photo: wiki commons.

Sydney Morning Herald – The European Union is readying its toughest action to date against Iran, moving to dry up funding of its contested nuclear drive by targeting both its oil and financial sector, diplomats said Friday.

Foreign ministers from the 27-nation bloc meeting in Brussels on Monday are expected to agree to sanction Tehran’s central bank — and possibly other banks — and announce an embargo on purchasing Iranian oil, EU officials and diplomats said.

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