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EU agrees to go beyond U.N. sanctions on Iran
BRUSSELS (Reuters) - The European Union has agreed to go beyond United Nations sanctions on Iran, instructing its financial institutions to exercise "restraint" on export credits and allowing its navies to inspect all Iran-bound cargoes, a senior diplomat said on Wednesday.
However, the EU regulation implementing the latest U.N. resolution on Iran will only be formally adopted next week after a deadline expires for Tehran to reply to an offer by major world powers to start negotiations on its nuclear program.
The diplomat said Britain, France and Germany, the three EU powers that have been holding exploratory talks with Iran alongside the United States, China and Russia, pressed for the 27-nation bloc to go beyond the U.N. resolution.