EU suspends implementation of Iran oil embargo
Economy
12:57 13/01/2012

EU suspends implementation of Iran oil embargo

 The European Union has suspended for 6 months the implementation of embargo on Iran’s oil, “MEHR” news agency reported.

According to the source EU feared the oil embargo could negatively influence on the economies of Greece, Spain and Italy, hence has suspended its implementation.

An EU official has stated that Iran provides 68% of oil to EU, until some alternative ways are marked, embargo will be suspended.

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EU suspends implementation of Iran oil embargo