European Union foreign ministers have announced a ban on the import of Iranian oil. The new oil sanction against Iran prohibits any new deals and calls for existing contracts to be stopped by July this year.
The European Union appears poised to lift its four-year arms embargo against Uzbekistan. EU officials say strategic necessity is exerting pressure on Brussels to fully engage Tashkent. Critics, however, contend that by compromising on principles, the European Union is sacrificing long-term interests for immediate, but likely fleeting gains.