EU approves Iranian oil embargo

June 25, 2012 | Filed under: Geopolitics

European Union governments have formally approved an embargo on Iranian oil to start on July 1, dismissing calls by Greece for possible exemptions to ease its economic problems.

Europe and the United States are using the ban to intensify pressure on Iran to scale back its nuclear programme, which they say is geared to developing weapons. Iran says its nuclear works are for electricity production and other peaceful purposes only.

The government had pushed for a delay in the implementation of the EU ban – originally drafted in January – because the country relies heavily on Iranian crude oil to meet its energy needs.

At a meeting in Luxembourg, EU foreign ministers said, however, that the embargo would go ahead as planned, although they pledged to review its implementation in the future to ensure European governments have sufficient access to crude.

The government has lobbied to allow purchases under previously signed deals after July 1, or to provide credit guarantees that would help it to buy crude elsewhere. These requests have been rejected, diplomats said.

Source: athensnews.gr

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  • http://www.facebook.com/Phoevos Dean Plassaras

    Libya will provide the replacement oil.

  • Emre

    So Tyro, you were saying that each small country in Europe had equal say in European issues? When the big guns decide, others have to simply obey…That is what Europe is about. It actually have become the Ottoman Empire that you guys don’t like. An Empire with multi-cultures, multilingual, paying its taxes and as long as paying its taxes and obeying the rules, it is all fine. It is an economical slavery union implemented to favor the powerful and punish the weak. And when the weak is out of control, then punish still more! And then the people revolt! Of course you can’t think of a Greece out of Europe because GR gained a lot from this partnership and flourished but it was a false flourish…
    And now, South Cyprus is asking for a loan as well? I understand the situation of Greece but truly I don’t understand how come 800,000 habitants are asking for a loan of 10 billion euros! South Cyprus has just entered to EU and it is already asking for money? Do not consider this comment just like critisizing but please someone with some head explain me the economical situation in South Cyprus.

    • http://www.facebook.com/Phoevos Dean Plassaras

      You are wrong. The EU is primarily a legal framework.

      The same legal framework under which we will soon declare our EEZ.

      You are confusing economics with Merkel’s politics which are already dead but she doesn’t even know it.

      http://www.spiegel.de/international/europe/george-soros-says-germany-must-change-course-on-euro-crisis-a-841061.html

      • Emre

        Ok Dean, you continue to bla bla with no basis. You don’t respond to my questions.
        1) What is EEZ to do anything with the economical situation you are in????????????????????????????????
        2) You didn’t respond to the economical situation of South Cyprus?

        Tyro, I need your assertive thoughts on the issue!!!!!!!!!!!!!!!

        • http://www.facebook.com/Phoevos Dean Plassaras

          Emre:

          But of course the EEZ has everything to about the economic situation. It allows a country to economically exploit its resources.

          To make it a long story short about Cyprus, it’s all a result of Merkel’s amateurism and complete failure to address the european crisis.

          Orphanides, the ex-central banker of Cyprus, openly disagreed with Merkel’s PSI nonsense; the net effect of which was a run on both Greek and Cypriot banks.

          So, this is Merkel’s price to pay to fix it. We call it the “Pottery Barn”rule. You break something then you own it and need to pay for it. So, Germany needs to pay now for its cumulative errors and omissions, as well as, its complete out-of-depth handling of modern finance issues.

          Instead of curing the problem 2 years ago on the cheap, Merkel through some incredible minimalism, incrementalism and obstructionism has created a problem 30 times the original size. And has to pay for it. This is what we call Teutonic morony and resembles also some of the rhetoric coming out of the Turkish side – which by the way – has also to pay a huge price for the same German mediocrity as a “leader” of Europe. Now we understand why the Germans are you Hunnic cousins. Because both of you are totally ungifted; a walking disaster.

          • Emre

            Dean your head is so full of bullshit that all you know to do is to link whatever has happened to you to Turkey.
            So you say exacty what I said at the beginning. An economical slavery union in which you obey what the powerful says. You repeat my words saying that you had to do what the Germans did and that you are in this situation now. So it is TOTALLY economical and also nothing to do with the EEZ. Correct? And even you disagreed with Merkel/Germany, at the end, you had to do what she decided, correct? :) Ungifted, walking disaster but you continue to follow…