EU approves harsh new sanctions against Iran

By Andrei Fedyashin

The European Union and the United States apparently find it easier to take on the Iranian nuclear problem than the global financial crisis. On June 17, EU government chiefs agreed to new sanctions against Iran at a Brussels summit. U.S. President Barack Obama was no doubt pleased to hear the news, even though the U.S. and the EU had most likely coordinated the sanctions in advance. READ MORE