Please enter your login details

You can also sign in with your Sowetan LIVE
and Sport LIVE account details.
   Sign Up   Forgot password?

Sign in with:
 
  • All Share : 41003.25
    UP 1.69%
    Top 40 : 3403.86
    UP 1.28%
    Financial 15 : 11242.53
    UP 2.82%
    Industrial 25 : 47016.52
    UP 2.15%

  • ZAR/USD : 10.0091
    UP 0.09%
    ZAR/GBP : 15.6441
    UP 0.08%
    ZAR/EUR : 13.4100
    UP 0.17%
    ZAR/JPY : 0.1049
    UP 0.20%
    ZAR/AUD : 9.4581
    DOWN -0.32%

  • Gold : 1369.4300
    UP 0.10%
    Platinum : 1437.0000
    DOWN -0.14%
    Silver : 21.7100
    UP 0.21%
    Palladium : 708.5000
    UP 0.21%
    Brent Crude Oil : 106.070
    UP 0.05%

  • All data is delayed by 15 min. Data supplied by I-Net Bridge
    Hover cursor over this ticker to pause.

Wed Jun 19 02:40:20 SAST 2013

Shimon Peres, at 90, still going strong

Swiss govt decides against EU ban on Iranian oil

Reuters | 05 July, 2012 15:00
Oil tanker. File photo
Image by: TIM CHONG / REUTERS

Save & Share

The Swiss government said on Thursday it would widen sanctions against Iran but would not implement a European Union ban on trading Iranian oil because of "foreign policy reasons".

An EU ban on the importation, purchase or shipping of Iranian oil was rolled out on 1 July in an effort to pressure the Islamic Republic over its disputed nuclear programme.

The new Swiss sanctions, which come into force on Friday, will affect supplies for the petrochemical industry, telecommunications equipment as well as the purchase and sale of precious metals and diamonds, the non-EU country said in a statement.

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.