EU Council Press Release: 11808/12 - EU sanctions against Iran: exemptions to end on 1 July
COUNCIL OF THE EUROPEAN UNION
Luxembourg, 25 June 2012
PRESSE 288EU sanctions against Iran: exemptions to end on 1 July
The latest package of EU sanctions against Iran will apply as earlier decided. Following a
review of the measures, the Council confirmed that they would remain as approved in
This means that two exemptions will end, as scheduled, on 1 July: Contracts for importing
Iranian oil that were concluded before 23 January will have to be terminated by 1 July.
From the same date, EU insurers may no more provide third-party liability and
environmental liability insurance for the transport of Iranian oil.
This latest package of sanctions against Iran was adopted in January 2012 and targets the
Iranian nuclear programme and its sources of finance. The measures were taken in relation
to the EU's serious concerns over Iran's nuclear programme. The objective of the EU
remains to achieve a comprehensive, long-term settlement on the basis of meaningful
negotiations between the E3+3 and Iran.
For more details about the decisions adopted on 23 January 2012, see press release and
Council decision of 23 January as well as the implementing legislation adopted in March.
An overview of all restrictive measures against Iran can be found in the factsheet European
Union and Iran.
EU Press Release EU Sanctions against Iran 2012 (38 KB)
You may also be interested in:
The Sinking of the Titanic
In this short article, the Club takes a look back one of the most notorious historical incident in maritime history, the sinking of Titanic; this casualty gives us the opportunity to examine the reported facts, to reflect and understand human error and avoid those mistakes from being repeated that others have made.
The UK Club would like to direct Members to Representacoes Proinde Ltda’s newsletter, Proinde News| 17 September 2021, which contains well written articles on many topics pertaining to Brazil.
There has been a change in ownership of the E-TITLE electronic trading system and its underlying legal framework to software technology firm, R3; There has been a change in trading name of the E-TITLE electronic trading system to Corda eBL; Members are invited to take note of how the Corda eBL software will operate.