EU UPDATE: Iran Sanctions Extended

The EU has adopted further restrictive measures against Iran, matching new measures adopted by the USA.

The measures consist in :

• A prohibition of all transactions between European and Iranian banks, unless they are explicitly authorised in advance by national authorities under strict conditions ;
• A ban on export to Iran of materials relevant to the Iranian nuclear and ballistic programmes or to industries controlled by the Iranian Revolutionary Guard Corps;
• A ban on import of natural gas from Iran into the EU, as well as finance and insurance related to these activities;
• A ban on export to Iran of key naval equipment and technology;
• A prohibition for EU Member States to provide financial support for trade with Iran and to participate in the construction of new oil tankers for Iran;
• An addition of 34 Iranian entities and one person to the EU blacklist, which are subject to an asset freeze and a travel ban.

The measures can be found at :

• COUNCIL DECISION 2012/635/CFSP of 15 October 2012 amending Decision 2010/413/CFSP concerning restrictive measures against Iran,
• http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2012:282:0058:0069:EN:PDF
• COUNCIL IMPLEMENTING REGULATION (EU) No 945/2012 of 15 October 2012 implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran,
• http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2012:282:0016:0022:EN:PDF