Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

World News

EU leaders back new Iran sanctions after attack on Israel

by April 18, 2024
April 18, 2024
EU leaders back new Iran sanctions after attack on Israel

BRUSSELS – European Union leaders decided on Wednesday to step up sanctions against Iran after Tehran’s missile and drone attack on Israel left world powers scrambling to prevent a wider conflict in the Middle East.

The summit in Brussels is the first meeting of the EU’s 27 national leaders since Saturday’s attack, more than six months into the war between Israel and the Iran-backed Palestinian militant group Hamas.

Israel has signaled it will retaliate but has not said how. EU leaders condemned the Iranian attack, reaffirmed their commitment to Israel’s security and called on all sides to prevent more tensions, including in Lebanon.

“We feel it’s very important to do everything to isolate Iran,” said summit chairman Charles Michel, adding the new sanctions against the Islamic Republic would target companies involved in the production of drones and missiles.

German Chancellor Olaf Scholz said it was important that Israel “does not respond with a massive attack of its own.”

Italy spoke separately ahead of G7 talks in favour of sanctions against arms suppliers linked to the attack against Israel, as well as those behind attacks on ships in the Red Sea.

Iran launched its assault in response to an April 1 strike on its embassy in Damascus which it blamed on Israel. Tel Aviv started its broader military offensive in Gaza after Hamas’ deadly attack on Israel on Oct. 7.

 

ISRAEL AND UKRAINE

EU foreign ministers are due to continue the sanctions work on Monday as the United States and its Western allies hope new steps against Iran will help limit any Israeli retaliation.

The EU already has multiple programs that target Iran for human rights abuses, the proliferation of weapons of mass destruction, and Tehran’s support for Russia’s war in Ukraine.

Germany, France and several EU states are looking at expanding a scheme that seeks to curb the supply of Iranian drones to Russia to include the provision of missiles and cover deliveries to Iranian proxies in the Middle East.

Belgium backed introducing sanctions against Iran’s Revolutionary Guard Corps but Mr. Scholz said that required further legal checks. The bloc’s top diplomat has said that could only happen if a national authority in the EU found that the group had been involved in terrorist activity.

Analysts say Iran is unlikely to face more severe economic punishment because of worries about boosting oil prices and angering top buyer China.

With the Middle East capturing much of the EU’s attention, Ukraine’s President Volodymyr Zelenskiy appealed for more help in holding the line against Russia, which unleashed an invasion against its neighbor more than two years ago.

“Here in Ukraine, in our part of Europe, unfortunately, we do not have the level of defense that we all saw in the Middle East a few days ago,” Mr. Zelenskiy told the summit, after Israel and allies mostly shot down the incoming drones and missiles.

“It reflects our current key need – the need for air defense,” he said, according to an EU official, repeating his calls for speedier deliveries of the weapons and ammunition previously promised to Ukraine. – Reuters

previous post
Brazil’s proposal to tax super-rich gains momentum amid G20, next steps in July
next post
First law protecting consumers’ brainwaves signed by governor

Related Posts

China militia presence increases in South China Sea,...

February 29, 2024

South China Sea: Why are China and Philippines...

April 11, 2024

Putin vows to punish those behind Russia concert...

March 24, 2024

Iraqi armed groups dial down US attacks on...

February 19, 2024

Bolder maritime security forged by Manila and Seoul...

September 24, 2024

Japan’s Space One Kairos rocket explodes on inaugural...

March 13, 2024

Israeli military vows response to Iran attack as...

April 16, 2024

Spain to scrap ‘golden visas’ for foreign real...

April 9, 2024

US news organizations urge Biden, Trump to commit...

April 15, 2024

Brazil, France launch $1.1 bln program to protect...

March 27, 2024

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Russia launches largest attack on Ukraine this month following Trump’s meetings with Putin, Zelenskyy

      August 20, 2025
    • Justice Barrett teases new memoir in abrupt conference exit

      August 19, 2025
    • Schiff launches legal defense fund in response to claims Trump is ‘weaponizing’ justice system

      August 19, 2025
    • Gabbard removes clearances from 37 officials at Trump’s direction over politicizing intelligence

      August 19, 2025
    • Trump’s push for Putin-Zelenskyy talks hinges on Kremlin’s conditions

      August 19, 2025
    • Israel eliminates Gaza terrorist who took part in October attack on kibbutz, took Yarden Bibas hostage

      August 19, 2025

    Categories

    • Business (1,353)
    • Politics (6,795)
    • Stocks (904)
    • World News (461)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 insidersadvisor.com | All Rights Reserved