07:23 am - Monday 27 May 2013

International sanctions on Iran oil and gas industries

Wed Nov 23, 1:24 pm

United States and her Western allies in coordinated action has imposed new sanctions on Iran banking system, Iran petrochemical industries, Iranian oil and gas in order to increase  pressure on Iran to stop their atomic program.

U.S president Barak Obama issued an order that imposed economic sanctions on Iran petrochemicals industries for the first time.

Expansion of sanctions on Iranian oil, gas and nuclear industries are U.S new tricks to increase pressure on Iran. Earlier U.S and British foreign and finance ministers had announced new sanctions on Iran banking system.

Great Britain stopped all financial transactions with all Iranian Banks including Iran Central Bank, British Finance Minister George Osborne said.

France also announced its new limitation against Iran banking system and energy industries and would like European Union, United States, Japan and Canada to end all energy relations with Iran to freeze Iran Central Bank assets.

Canadian authorities also announced on Monday that they have imposed ban on exports of petrochemical and fuel and gas equipments to Iran, on the basis of which Canadian companies no more can export equipments to Iranian energy industries.

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