UPDATED ON:
Friday, February 16, 2007
09:49 Mecca time, 06:49 GMT
 
Business
Japan puts trade sanctions on Iran

In December, UN adopted a resolution to impose sanctions on Iran's trade of nuclear technology [EPA]



Japan has decided to impose trade sanctions on Iran in an effort to block the country's nuclear development programme, Tokyo's top government spokesman said.
 
Japan has also decided to ban Iranian imports of materials related to nuclear activities.

The measures approved by the cabinet include freezing the financial assets of 10 entities and 12 individuals deemed to be involved in Iran's nuclear programme and bans on transfers of materials, technology and funds that could enhance its nuclear activity.

Yasuhisa Shiozaki, the chief cabinet secretary, said: "Resolute action is needed over the Iran nuclear issue from the viewpoint of maintaining nuclear non-proliferation, and in view of the impact on the North Korean nuclear issue and peace in the Middle East."

 

Shiozaki said the measures, which will take effect on Saturday, are based on a resolution adopted by the UN Security Council in December to impose sanctions on Iran's trade in nuclear materials and technology.

 

The resolution demands that Iran ends all research on uranium enrichment, which can lead to the production of fuel for nuclear power plants as well as for bombs, and halt all research and development of methods of producing or delivering atomic weapons.

 Source: Agencies
 
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