AJC applauds EU Iran sanctions

The American Jewish Committee is expressing its appreciation over the EU imposing new sanctions in Iran.

The EU has blacklisted an additional 100 firms that do business with Iran, a further push to change the radical regime’s drive to develop nuclear-weapons capability.

“This latest EU action, together with continuing U.S. measures, clearly shows that stopping Iran’s nuclear program remains of paramount importance,” said AJC Executive Director David Harris. “A nuclear-armed Iran would pose a profoundly dangerous regional and global threat. It cannot be allowed to happen.”

The EU action follows President Obama’s declaration in a Washington, DC speech that the U.S. “remains committed to preventing Iran from acquiring nuclear weapons.”

The U.S., joined by the EU, has led international efforts to increase economic and diplomatic pressures on Iran. The UN Security Council has adopted four resolutions, the latest last June, and the U.S., EU, and several other countries have imposed additional measures to curtail commercial and financial transactions with Iran.

Among the 100 firms targeted by the EU is the Hamburg-based Europaeisch-Iranische Handelsbank (EIH), or European-Iranian Trade Bank, which specializes in business with Iran. The U.S. already had banned business with EIH. AJC has long pressed top German leaders, including in meetings with the chancellor and economy minister, to take action against the bank.