EU Council has reimposed sanctions on Iran following the UN Security Council’s decision to reintroduce measures in response to Iran’s nuclear proliferation activities. The EU sanctions regulations include travel bans, asset freezes on individuals and entities, as well as economic and financial sanctions related to the following sectors:
Trade:
✓ Ban on arms export to Iran and on transfer of any items, materials, goods and technology that could
contribute to Iran’s enrichment-related and reprocessing activities and ballistic missile programs;
✓ Ban on the import, purchase and transport of crude oil, natural gas, petrochemical and petroleum
products and related services;
✓ Ban on the sale or supply of key equipment used in the energy sector;
✓ Ban on the sale or supply of gold, other precious metals and diamonds;
✓ Ban on certain naval equipment;
✓ Ban on certain software.
❖ Financial sector: Asset freezes on the Central Bank of Iran and of major Iranian commercial banks.
❖ Transport sector: Restrictions on Iranian cargo flights accessing EU airports and prohibition of maintenance
and service of Iranian cargo aircraft or vessels carrying prohibited materials or goods.
Full advisory at the following link.