Council of the European Union agrees to adopt new Council Regulation concerning restrictive measures against Iran

The Council of the European Union has agreed to adopt a new Council Regulation concerning restrictive measures against Iran which amends EU Council Regulation No 267/2012. This new Regulation came into legal force on 22 December 2012 and was published in the Official Journal of the EU.

The Council agreed to keep the prohibition on the purchase, transport or import of gas originating in Iran or exported from Iran (Article 14a) under review, with a view to ensuring its effective implementation. Other key industry sectors impacted by the new regulation are:

  • Marine
  • Software for certain industrial processes
  • Graphite and raw or semi finished metals
  • Finance

Following publication in the Official Journal on 22 December, the complete text of the Regulation is available on the EU website.

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