DUBAI, January 24, 2012 With an eye on the dependence of recession hit economies of Greece, Italy and Spain on Iranian oil, Foreign Ministers of the European Union (EU) countries on Monday decided to shift the ban on oil imports on Iran to July 1. “As of July 1, we have a ban on the import of oil and oil products from Iran,” said Uri Rosenthal, the Dutch Foreign Minister in Brussels, after EU Foreign Ministers met on Monday to discuss their collective stance on ...
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