Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

President Ellen Johnson Sirleaf hails 'milestone' as UN peacekeepers leave Liberia

Read more

IN THE PAPERS

The 'Brexecution' of Boris Johnson

Read more

IN THE PAPERS

State of British Politics 'Worse than Shakespeare'

Read more

PEOPLE & PROFIT

From London to Abu Dhabi: How Brexit sent shockwaves across the world

Read more

BUSINESS DAILY

Carney: UK suffering from 'economic post-traumatic stress'

Read more

ACROSS AFRICA

Liberia UNMIL mission: Peacekeepers prepare to hand over to government

Read more

MEDIAWATCH

Boris Backs Out After Brexit

Read more

EYE ON AFRICA

DRC elections: Kabila says poll will go ahead

Read more

THE DEBATE

Chaos at Westminster: UK's post-Brexit leadership battle (part 1)

Read more

Asia-pacific

Iran threat ‘unacceptable’, says Sarkozy

Text by News Wires

Latest update : 2011-11-21

French President Nicolas Sarkozy called Monday for sanctions on an "unprecedented scale" against Iran following a new IAEA report on its nuclear programme. Sarkozy urged world powers to stop buying Iran's oil and freeze its central bank assets.

REUTERS - France called for new sanctions on an "unprecedented scale" against Iran on Monday in response to Tehran's nuclear programme, urging world powers to halt purchases of Iranian oil and freeze its central bank assets.

French President Nicolas Sarkozy sent letters to the leaders of the United States, Britain, Germany, the European Union, Canada and Japan proposing the new actions after the International Atomic Energy Agency (IAEA) voiced new concerns about Iran's nuclear programme last week.

"As Iran steps up its nuclear programme, refuses negotiation and condemns its people to isolation, France advocates new sanctions on an unprecedented scale to convince Iran that it must negotiate," said a statement from Sarkozy's office.

"France therefore proposes to the European Union and its member states, the United States, Japan and Canada and other willing countries to take the decision to immediately freeze the assets of the Iranian central bank (and) stop purchases of Iranian oil," it added.

Iranian Industry Minister Mehdi Ghazanfari warned on Monday that threats from Western countries to tighten sanctions were only harming their own interests.

The French statement urged Iran to suspend all nuclear and balistic missile activities banned by the nuclear Non-Proliferation Treaty as well as U.N. and IAEA resolutions immediately. It called on Tehran to be open about its nuclear programme by fully cooperating with the IAEA.

France also said that Iran should stop threatening its neighbours and countries in the region.

Britain ordered its financial institutions on Monday to stop doing business with Iranian counterparts although a source in London said the new sanctions would not target oil trading.

"The Iranian regime's behaviour is a grave and urgent threat to peace," the French statement said.

"In addition to the unacceptable threat of nuclear proliferation, there is also the risk of triggering a military escalation in the region, which could have catastrophic consequences for Iran and the world," it added.
 

Date created : 2011-11-21

  • IRAN

    World leaders united over Iran's nuclear ambitions

    Read more

  • IRAN

    IAEA chief calls for Iran mission over nuclear fears

    Read more

  • NUCLEAR IRAN

    Stern IAEA report adds weight to Iran sanctions call

    Read more

COMMENT(S)