Switzerland Snubs Obama’s and Europe’s Iran Sanctions

Published June 27, 2012 7:26pm ET



Berlin

As the Obama administration and U.S. allies seek to punish Iran for making no concessions in the latest round of negotiations over its nuclear activities, Switzerland has snubbed them by refusing to take part in the European Union’s sanctions efforts. 

On Monday, the EU agreed to move forward with a eurozone-wide ban on Iranian oil imports this coming weekend, and even rejected Greece’s application for an exemption. The Greek government sought a waiver because it is heavily dependent on Iranian crude oil.

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