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October 28, 2020

EU: Iran oil embargo will be enforced July 1

The European Union confirmed Monday that a ban on oil imports from Iran will go ahead as planned on July 1 due to the lack of progress in talks on Tehran’s contested nuclear drive, middle-east-online informs. A statement from EU foreign ministers on the proposed embargo said: “Following a review of the measures the council confirmed that they would remain as approved in January.”After weeks of fraught talks on an embargo that may hurt debt-straddled EU nations such as Greece, the 27-nation bloc agreed on January 23 to immediately ban new oil imports from Iran and phase out existing contracts by July 1.Confirmation that the embargo will be enforced comes days after talks in Moscow between Iran and world powers on its nuclear programme failed to reach a breakthrough. Negotiators from permanent UN Security Council members Britain, China, France, Russia and the United States, plus Germany, last week agreed with their Iranian counterparts to stage a new expert-level meeting in Istanbul on July 3.

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