RAPERA
European Union
foreign ministers have agreed to a full-fledged embargo on all imports
of Iranian crude oil. Towards this end, various measures will be adopted
gradually from 23rd January to 1st July 2012.
Both the EU and US
moves, it is alleged, are aimed at pressurising Iran to stop its
so-called ‘nuclear weapons’ programme through the emasculation of its
oil exports which account for more than 80% of its national revenue.
Articles by Matthias Chang:-