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European Union announces adoption of stricter sanctions vs. Iran

  • Gibson Dunn & Crutcher LLP
  • -
  • European Union, Iran
  • -
  • January 30 2012

On January 23, 2012, the Council of the European Union agreed to impose additional restrictive measures against Iran in the range of industrial sectors, inter alia: in the energy sector, including an embargo of Iranian crude oil imports to the EU; in the financial sector, including against the Central Bank of Iran; in the transport sector; additional export restrictions on gold and on sensitive dual-use goods and technology; as well as additional designations of specific persons and entities