BRUSSELS | Thu May 19, 2011
May 19 (Reuters) – The European Union is expected to significantly expand its sanctions against Iran on Monday, adding about 100 companies to its embargo list, EU diplomats said on Thursday.
“There is a list of about a 100 companies, to be added to the EU sanctions on Monday,” one EU diplomat said.
Another diplomat said Germany’s Hamburg-based Europaeisch-Iranische Handelsbank (European-Iranian Trade Bank — EIH) would be included in the bloc’s new sanctions, which are intended to target Tehran’s nuclear programme.
“Among those companies is the European Iranian … Bank,” he said. “There would now be enough evidence that the bank financed companies involved in Iran’s nuclear programme.”
