"Most of the sectors that have been targeted in the EU sanctions are ones over which Europeans have a substantial leverage," Mark Fitzpatrick, an Iran specialist at the International Institute for Strategic Studies, told Reuters. "Not so many other countries can provide the kind of financial services that will be cut off. Few other countries supply technology for liquefied natural gas, nobody else does re-insurance ... The European Union has very wisely found areas over which it has real leverage and cannot be supplanted." Read full article.
Release Date:
July 26, 2010