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EU enhances sanctions, targeting Iranian petroleum, petrochemical, and financial sectors

  • Steptoe & Johnson LLP
  • -
  • European Union, Iran
  • -
  • January 27 2012

Effective January 23, 2012, the European Union (EU) implemented significantly expanded sanctions against Iran

EU decision leads to swift disconnect of Iranian financial institutions

  • Steptoe & Johnson LLP
  • -
  • European Union, Iran
  • -
  • March 20 2012

On March 15, 2012, the Council of the European Union (Council) adopted Council Decision 2012152CFSP (amending Decision 2010413CFSP

EU expands sanctions against certain Iranian industries

  • Steptoe & Johnson LLP
  • -
  • European Union, Iran
  • -
  • October 19 2012

On October 15, 2012, the Council of the European Union adopted Council Decision 2012635CFSP, which strengthens existing EU sanctions against Iran

EU terminates (re)insurance for Iranian petroleum imports, purchases, or transport on July 1, 2012

  • Steptoe & Johnson LLP
  • -
  • European Union, Iran
  • -
  • June 29 2012

On June 25, 2012, the Foreign Affairs Council (Council) of the European Union (EU) published a press-release stating that it will not renew an exemption, scheduled to end July 1, 2012, for the provision by EU insurers and (re)insurers, of environmental and third party liability coverage for the transport, import, or purchase of Iranian crude oil and petroleum products destined to non-EU countries