European Union (EU) announced its most rigorous sanctions yet against Iran in an attempt to pressurise Tehran into negotiations over its nuclear program. Sanctions will target the financial sector, energy and shipping while imposing tighter measures on Central Bank of Iran. European Union will further restrict the exportation of graphite, metals and shipbuilding materials as well as importing gas to Europe.
EU statement said, “The Iranian regime itself can act responsibly and bring these sanctions to an end. As long as it does not do so, the (EU) remains determined to increase, in close coordination with international partners, pressure on Iran in the context of the dual-track approach.”
At the same time, the British Prime Minister David Cameron called on Israel to be patient.
See: Cameron urges for patience on nuclear issue (16 Oct 2012)