EU moves closer to substantial new Iran sanctions

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The new sanctions will have to be formally approved on Monday at an EU foreign ministers' meeting in Luxembourg before coming to effect.

They include a ban on financial transactions, with some exceptions; a ban on imports of natural gas from Iran into the European Union; and a ban on exports of metals to Iran. EU states will also be banned from extending short-term guarantees for trade with Iran.

"Coreper (a committee of EU ambassadors) agreed the sanctions package on (the) Iranian nuclear programme," said the diplomat in a message to Reuters.

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