Less Than a Day After the Snapback, the EU Moves to Reimpose Sanctions
WANA (Sep 29) – Less than 24 hours after the activation of the snapback mechanism, the European Union announced the reimposition of United Nations sanctions, along with the EU’s own restrictive measures against Iran.
According to the statement released today, the restrictions “include travel bans, asset freezes and financial restrictions targeting designated individuals and entities, as well as economic and financial sanctions in the areas of trade, finance, and transport.”
The Council of the European Union confirmed that it agreed to reinstate a number of restrictive measures related to Iran’s nuclear activities that had been suspended under the JCPOA. These include “UN sanctions imposed since 2006, which are automatically applied under EU law, as well as additional autonomous measures adopted by the Union.”
United Nations Statement on the Reinstatement of Six Resolutions and Sanctions Against Iran
WANA (Sep 29) – Following what it described as the unlawful actions of Europe and the United States and the undermining of the UN’s diplomatic and negotiation process, the United Nations issued a statement announcing details of the reinstatement of Security Council sanctions and resolutions against Iran under the snapback mechanism. Farhan Haq, Deputy […]
On the trade front, the EU said that beyond the existing arms embargo, restrictions now cover the transfer of any goods, materials, equipment or technology that could contribute to uranium enrichment, reprocessing, or Iran’s ballistic missile program. The sanctions also include a ban on the import, purchase, and transport of crude oil, natural gas, petrochemical and petroleum products from Iran, as well as related services. Other restrictions cover the sale or supply of key equipment for the energy sector, the trade of gold, precious metals, and diamonds, certain maritime equipment, and specific categories of software.
In the financial sector, the EU is once again freezing the assets of the Central Bank of Iran and major Iranian banks. In the transport sector, measures include barring Iranian cargo aircraft from EU airports and prohibiting the maintenance or repair of Iranian aircraft and vessels carrying sanctioned goods or materials.
