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The six European envoys were summoned to the foreign ministry on Wednesday and negotiations between them and the Iranian officials are underway now. After months of debates, the EU member states reached an agreement in their meeting on January 23 to sanction oil imports from Iran and freeze the assets of Iran's Central Bank within the EU. Following the decision, EU foreign policy chief Catherine Ashton claimed that the sanctions are aimed at pressuring Iran to return to talks over its nuclear program. Despite Ashton's claims, Iran has always underlined its preparedness to resume talks with the West but has meantime stressed that it will never accept any precondition for such talks. The Iranian oil ministry in a statement late January downplayed the effects of the US and EU's unilateral oil sanctions against Tehran, and said such embargoes will merely harm the European economies and oil consuming countries. European sanctions against Iran's oil exports will affect world economy and hurt European and non-European countries, the statement said. "The hurried decision by EU states to use oil as a political tool will have a negative impact on the world economy and specially on the recovering European economies which are fighting to overcome the global financial crisis," it added. The statement continued that since just 18 percent of oil produced by Iran is exported to European countries, the Islamic Republic can easily replace new markets with the European market. and then .... http://www.zerohedge.com/news/iran-cuts-crude-exports-six-european-countries Iran Cuts Crude Exports To Six European CountriesSubmitted by Tyler Durden on 02/15/2012 07:00 -0500 PressTV has just issued a breaking news alert:
Still positive that China does not want Iran's crude? Oh, and congrats on just buying yourself record high gasoline prices Europe. |
Commentary on the economic , geopolitical and simply fascinating things going on. Served occasionally with a side of snark.
Wednesday, February 15, 2012
Take this with the requisite shaker of salt - Iran may have cut crude exports to 6 european countries
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