(CNN) — The European Union has agreed to freeze the overseas assets of Iran’s Bank Melli, a spokesman for Britain’s Foreign Office said Monday. The European Union has not yet independently announced the sanctions, but British Prime Minister Gordon Brown said at a news conference Monday with U.S. President Bush that they were in the works. “We will take action today that will freeze the overseas assets of the biggest bank in Iran, the bank Melli,” Brown said. Brown said new measures against Iran would be continued if the Islamic regime failed to address concerns over its nuclear ambitions. “Action will start today in new phase of sanctions on oil and gas. We will take any necessary action so that Iran is aware of the choice it needs to make,” Brown said. Read More
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16 Jun
EU to freeze Iranian assets