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Iran: EC Action

Volume 458: debated on Monday 12 March 2007

To ask the Secretary of State for Foreign and Commonwealth Affairs what recent discussions she has had with her European counterparts on the imposition of additional EU financial measures against Iran; and if she will make a statement. (124845)

EU Foreign Ministers discussed the implementation of Security Council Resolution 1737 at the General Affairs and External Relations Council on 22 January. They agreed that the EU should implement the measures in the Resolution, including the financial measures, robustly and effectively. A common position reflecting their decisions was adopted on 27 February; an accompanying EC regulation is being finalised. As well as freezing the assets of entities listed by the Security Council, the EU will be able to freeze the assets of other individuals and entities who meet the criteria set out by the Security Council, namely individuals and entities engaged in, directly involved with or providing support for Iran's proliferation of sensitive nuclear activities and the development of nuclear weapons delivery systems.