Published by Global Banking and Finance Review
Posted on January 29, 2026
2 min readLast updated: January 29, 2026
Published by Global Banking and Finance Review
Posted on January 29, 2026
2 min readLast updated: January 29, 2026
EU foreign ministers have approved new sanctions on Iran targeting individuals involved in protest crackdowns and Iran's support to Russia.
BRUSSELS, Jan 29 (Reuters) - European Union foreign ministers adopted new sanctions on Iran on Thursday targeting individuals and entities involved in a violent crackdown on protesters and in the country's support to Russia, EU diplomats said on Thursday.
The ministers are also expected to reach a political agreement to include Iran's Islamic Revolutionary Guard Corps on the bloc's list of terrorist organisations, putting the IRGC in a category similar to that of Islamic State and al Qaeda and marking a symbolic shift in Europe's approach to Iran's leadership.
Some EU members, led by France, have long been reluctant to add the IRGC to that list, but Paris said on Wednesday it would support the move, paving the way for an approval, even though such a decision needs unanimity among the bloc's 27 members.
The IRGC, set up after Iran's 1979 Islamic Revolution to protect the Shi'ite clerical ruling system, has great sway in the country, controlling swathes of the economy and armed forces, and it was also put in charge of Iran's ballistic missile and nuclear programmes.
(Reporting by Lili Bayer, editing by Inti Landauro, Benoit Van Overstraeten and Hugh Lawson)
Sanctions are penalties or restrictions imposed by countries or international organizations on specific individuals, entities, or countries to influence behavior or policies.
The IRGC is a branch of Iran's armed forces, established after the Iranian Revolution, tasked with protecting the country's Islamic system and maintaining internal security.
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