As discussed in our blog post of 21 May 2018, the EU has reaffirmed its commitment to the Joint Comprehensive Plan Of Action in the wake of the US’ announcement that it would be withdrawing from that agreement and re-imposing its nuclear-related secondary sanctions.  The European Commission has now published an amendment to its Regulation 2271/96, the so called “blocking statute”, in order to mitigate the impact of the US’ secondary sanctions.
Continue Reading Iran Sanctions – Developments from the EU

Following President Trump’s announcement that the United States will withdraw from the Joint Comprehensive Plan of Action (“JCPOA”) and re-impose US sanctions (including secondary sanctions) against Iran, the European Union has chosen to signal its commitment to the continuation of the JCPOA. Readers will be aware that the US has indicated it will be re-imposing secondary sanctions on Iran over the course of the coming months, following two winding-down periods, the first of which ends in August this year, and the second of which ends in November.
Continue Reading Sanctions on Iran – The EU Response

On 5 December 2014, the European Commission published Regulation 1290/2014 (the Amending Regulation). This further amends Regulation 833/2014, which imposed sanctions against Russia in view of its actions in Ukraine. Several of the amendments appear to be aimed at clarifying the scope and application of the sanctions. Although not explicitly stated, this may be a

The Council of the European Union has recently published two further Regulations which extend the EU’s sanctions regime against Iran.

Council Implementing Regulation 1016/2012

This Regulation adds the National Iranian Oil Company Nederland (aka NIOC Netherlands Representation Office) to the asset freeze list in Annex IX of Regulation 267/2012.

It came into force on 7

The Council of the European Union has published Council Implementing Regulation (EU) No.709/2012 (the “Regulation”) concerning restrictive measures against Iran.

The Regulation provides that:

(a) certain persons shall be deleted from the list set out in Annex IX to Regulation (EU) No.267/2012 (i.e. the list which sets out those persons whose funds and economic resources

The Council of the European Union has published Council Decision 2012/206/CFSP, which came into force on 24 April 2012 and which imposes further restrictive measures against Syria. Specifically, it imposes a prohibition on the sale, supply, transfer and export of technology, equipment and goods which might be used for internal repression. The provision of technical

The Council of the European Union has published Council Implementing Regulation 350/2012, which came into force on 24 April 2012. This Regulation amends the asset freeze lists in Regulation 267/2012 by removing one individual and two companies from those lists.

The asset freeze lists continue to be amended on a regular basis. It is, therefore,