Iran said Tuesday that additional sanctions by the European Union will not affect Tehran, while President Mahmoud Ahmadinejad proposed the formation of a special court to punish the world “tyrants” for their attempt to thwart Iran's nuclear program. Ahmadinejad was quoted as saying to a group of judges that “a court should be formed to try and punish all world criminals who invade the rights of the Iranian nation,” according to the state IRNA news agency. Tehran has dismissed Western claims and contends its uranium enrichment is only meant for electricity production. Ahmadinejad also denounced the West for “issuing a verdict” in the absence of Iran. Ahmadinejad's remarks were his first following a move by the EU which on Monday approved additional financial and travel restrictions for Iranian companies and individuals – including the country's largest bank, Bank Melli Iran. The Iranian leader did not elaborate on where or how the world powers should be punished for sanctioning Tehran. Also Tuesday, Iranian foreign ministry spokesman Mohammad Ali Hosseini said in a statement that the “carrot and stick policy” by the 27-nation EU bloc won't stop Iran's “pursuit to realize its nuclear rights.” Meanwhile in Brussels, the EU released on Tuesday a list of those sanctioned, updating the restrictions first adopted in 2007 and including 15 new names and 20 new companies the EU says all have links to developing Iran's nuclear program.