On 11 April 2017, the Council extended EU sanctions against Iran, which will now be in place until 13 April 2018. The legal acts are to be published in the Official Journal of 12 April 2017. The sanctions have been in place since 2011, and consist of: a travel ban and an asset freeze against 82 people and 1 entity; a ban on exporting to Iran equipment which might be used for internal repression and…
A notice (please see here) updating the HM Treasury’s Consolidated List regarding three entities listed under Council Regulation (EU) 267/2012, which imposes financial sanctions against Iran, was published yesterday. This notice removes the asset freeze against the below three Iranian entities, following Judgments of the General Court of the European Union (please see here and here for the relevant judgments): IRISL Club IRISL Multimodal Transport Company Leading Maritime Pte Ltd These three entities were initially listed…
On 23 January 2016, the EU removed two Iranian banks – Bank Sepah and its subsidiary, Bank Sepah International – from sanctions lists (the EU measure can be found here). These two banks will now be permitted to do business with the EU. The UN had previously delisted Bank Sepah and Bank Sepah International on 17 January 2016. The U.S. removed the two banks from the SDN list on Implementation Day, 16 January 2016, although…
BAFA, the German export control authority, has today published guidance on the scope of the arms embargo against Iran. This can be accessed at: http://www.bafa.de/ausfuhrkontrolle/de/embargos/iran/index.html