On August 13, 2011, Minister of Foreign Affairs John Baird announced the implementation of further trade and investment sanctions against Syria.
In the second half of 2010, both the European Union and the United States imposed far-reaching sanctions against Iran.
In response to recent events in Libya, the United States and European Union have each adopted broad economic sanctions and restrictive measures against trade with Libya and the Qadhafi regime.
On October 27, 2010, the European Union adopted a sanctions regime against the Islamic Republic of Iran in furtherance of diplomatic efforts to find a negotiated solution to ensure that the country's nuclear program is exclusively for peaceful purposes.
With the adoption of Council Decision 2010413CFSP concerning restrictive measures against Iran, repealing Common Position 2007140CFSP, and its publication in the Official Journal of the European Union (EU) on July 27, 2010, the EU imposed new sanctions on Iran.
On 26 July 2010, the European Union ("EU") adopted a set of new wide-reaching sanctions against Iran, which are of particular interest to companies in the financial services (including insurance), oil and gas, and transportation sectors.
The European Union has on 26 July 2010 imposed tough new economic sanctions against Iran, going beyond the fourth round of sanctions approved by the UN Security Council last month.
As 2009 draws to an end, it is an opportune time to review the changes to Canada’s economic sanctions and trade controls over the past year in order to ensure compliance programs are fully up-to-date and risks of contravention and enforcement action are minimized.
The EU applies sanctions within the framework of the Common Foreign and Security Policy (CFSP) on an autonomous EU basis or by implementing binding Resolutions of the UN Security Council.
On 19 April 2007, the European Council approved sanctions against Iran over its nuclear ambitions following the United Nations Security Council Resolution 1737 (2006).