Rigorous new sanctions against Iran's banking, shipping and industrial sectors took effect on Saturday, as part of the European Union's effort to force Tehran to scale back its nuclear program.
The sanctions, agreed in October, entered EU law with their publication in the European Union's Official Journal on Saturday.
http://www.reuters.com/article/2012/12/22/us-eu-iran-sanctions-idUSBRE8BL04L20121222
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