The European Union approved new restrictive measures against Iran on Thursday.
The move comes a day after U.S. officials announced it was imposing new sanctions on Iran. The new European sanctions will include additional ones to those approved by the United Nations last week.
Under the new sanctions, investments by European countries in Iranian oil and gas projects as well as the transfer of technology and equipment in this sector will be prohibited.
With the new sanctions the EU is “demonstrating its rejection of the Islamic Republic's nuclear program,” said a European Council press release.
The U.S. sanctions announced by the Department of the Treasury on Wednesday added Iranian companies and individuals to a financial blacklist. The sanctions target in particular financial institutions, the shipping industry and the Islamic Revolutionary Guard, which have been linked to Iran's nuclear and missile programs.