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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 :

 

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