Switzerland to apply sanctions against Iran over nuclear programme
GENEVA, Feb 14 (AFP) Feb 14, 2007
Switzerland will apply sanctions against Iran banning any exports that could be used for the Islamic Republic's nuclear and ballistic missiles programme, the country's Federal Council decided on Wednesday.
The Council's move follows a unanimous United Nations Security Council resolution in December, after Tehran refused to cooperate fully with the UN atomic energy watchdog or to suspend uranium enrichment.
The Swiss ban also covers exports of plutonium and uranium as well as financial grants and investments linked to Iran's programmes.
Assets belonging to 12 Iranian citizens, and 10 Iranian companies linked to the nuclear and missile programmes, have also been frozen.
The move comes as the European Union has voiced concern over the effectiveness of the sanctions in thwarting Tehran's nuclear ambitions.
In a document obtained by AFP on Tuesday, EU officials expressed concern that international sanctions might not be enough to prevent Tehran acquiring the bomb.
"At some stage we must expect that Iran will acquire the capacity to enrich uranium on the scale for a weapons programme," the document said.
Last week, Swiss banks defended dealings with Iranian companies or individuals engaged in legitimate commercial activities, despite growing financial pressure on Tehran from the United States.
"It is difficult to put one country and its citizens in the same boat ... some people from Iran have very legitimate interests in Europe and are very trustworthy," said Pierre Mirabaud, head of the Swiss Bankers Association.All rights reserved. © 2005 Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.