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European Union Sanctions

Following the U.N. Security Council's sanctions against Iran, the European Union began imposing sanctions on the Islamic Republic as part of the concerted international effort to pressure the regime to halt its nuclear weapons activities.

 

Common Position 2007/140/CFSP

In February 2007, the Council of the European Union prohibited the sale of goods and technology that could contribute to Iran's nuclear enrichment activities and banned companies from providing technical assistance or other such services that would support Iran's nuclear program. Additionally, the legislation included measures to restrict travel and freeze funds and other economic resources of designated individuals and entities.

The legislation was amended in April 2007 adding arms and related material to the ban, and banning new grants and loans to the Government of Iran. Additional individuals and entities were also added to the list.

In 2008, an amendment was added to one of the exceptions to the Council's freezing of funds and other economic resources.

In August 2008, an additional embargo against certain goods and technology needed for nuclear enrichment in line with IAEA concerns was amended to the legislation. The amendment also called for E.U. member states to exercise vigilance over financial institutions in Europe with connections to Iran.

A November 2008 amendment added a list of banks domiciled in Iran and elsewhere subject to sanctions.

In November 2009, the list of designated individuals and entities was updated.

Council Regulation (EC) No. 423/2007

In April 2007, the Council of the European Union placed a ban on the export, sale and investment related to certain goods and technology and published a list of prohibited technology.

Council Decision of 26 July 2010

In July 2010, the Council of the European Union announced new restrictions against Iran targeting the Islamic Republic's energy, trade, transport, banking, and insurance sectors. The restrictions include prohibitions on new investments, sales, supply, or transfer of key equipment and technology to Iran's energy sector, or to Iranian companies engaged in refining, liquefied natural gas, exploration, production sectors outside Iran. Additionally, the restrictions require EU member states to inspect all suspicious cargo that travels to and from Iran.

Council Regulation (EU) No. 961/2010

On October 25, 2010, the Council of the European Union enacted its new sanctions against Iran affecting the energy, insurance, transport and financial sectors.

Council Decision 2011/235/CFSP of 12 April 2011

In April 2011, the Council of the European Union enacted measures citing those responsible for human rights violations in Iran and sanctioning them.

Council Decision 2011/299/CFSP of 23 May 2011

On May 23, 2011, the Council of the European Union expanded its list of designated persons and entities subject to restrictive measures.

Council Implementing Regulation (EU) No 1245/2011

On December 1, 2011, the Council of the Eueopean Union enlarged the number of individuals and entities under sanctions for their ties to Iran's nuclear and ballistic weapons program.

Council Conclusions on Iran

On January 23, 2012, the Council of the European Union released a report that restated its concerns regarding Iran's development of its nuclear program.

Council Decision 2012/35/CFSP of 23 January 2012

Expanding its sanctions against Iran, the European Union widened its sanctions against Iran banning Iranian oil imports, freezing assets of the Central Bank of Iran, blocking European Union countries from exporting petrochemical equipment and technology, and trading diamonds and precious metals with Iran.

Council Decision 2012/152/CFSP of 15 March 2012

On March 15, 2012, the Council of the European Union banned identified individuals and entities from using specialized financial messaging services.

Council Implementing Regulation (EU) No 350/2012 of 23 April 2012

The Council of the European Union amended its list of restricted persons and entities.

Council Decision 2012/457/CFSP of 2 August 2012

On August 2, 2012, the Council of the European Union made amendments to the list of persons and entities restricted.

Council Decision 2012/635/CFSP of 15 October 2012

The Council of the European Union expanded sanctions against Iran in the financial, trade, energy and transport sectors, with additional designations on entities in the oil and gas industry. The sanctions include all transactions between European and Iranian banks, unless they are explicitly authorised by national authorities under strict conditions and a prohibition on the export to Iran of further materials relevant to its nuclear and ballistic programmes or to industries controlled by the Islamic Revolutionary Guard Corps (IRGC).