New package of EU sanctions against Iran included the Armenian branch of Bank Mellat, DPA agency reported.

As NEWS.am reported earlier, on July 26 EU foreign ministers confirmed new sanctions imposed on Iran to hinder country’s uranium enrichment program.

The restrictions affect foreign trade, financial services, as well as oil industry, the basis of Iran’s economy.

The EU officials said it is “the most far-reaching set of sanctions the EU has agreed to on Iran or indeed on any country”.