May 25 2012
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Update: EU Says Iran Oil Embargo To Go Ahead On July 1
Friday, May 25, 2012
--EU says Iranian oil sanctions to go ahead on July 1
--Sanction process to be reviewed on the back of Iran's 'deeds, not words'
Of DOW JONES NEWSWIRES
BRUSSELS (Dow Jones)--The European Union said Friday that it plans to press ahead with an embargo on Iranian oil starting on July 1, after two days of talks over Tehran's controversial uranium enrichment program failed to bridge differences.
The spokesman added: "We always keep our sanctions under review... but we would move on sanctions on deeds not words."
The West suspects Iran's nuclear program is aimed at developing weapons, while Iran says it is for peaceful energy purposes.
A fresh round of talks between Iran, Russia, the U.S., China, the U.K. and France is due to take place in Moscow on June 18-19, after a meeting in Baghdad earlier this week ended without a breakthrough to the long-running impasse.
-By Vanessa Mock, Dow Jones Newswires, +32 2741 1484;
(END) Dow Jones Newswires
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