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ARTICLE · 26 JANUARY 2012

Snapshot Summary Of EU Sanctions On Iran

W Legal
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Ban On The Import, Purchase And Transport Of Iranian Crude Oil And Petroleum Products – Including Financing And Insuring, Directly Or Indirectly.

GlobalInternational Law
Nigel Kushner
Nigel Kushner
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  • Ban On The Import, Purchase And Transport Of Iranian Crude Oil And Petroleum Products – Including Financing And Insuring, Directly Or Indirectly. However:
    • Contracts Already Concluded May Be Executed Until 1st July 2012;
    • Contracts Already Concluded Which Call For Iranian Crude Oil And Petroleum Products To Be Supplied For Reimbursement Of Outstanding Amounts May Be Executed – Including After 1st July 2012; And
    • A Review Of The Measures Will Take Place Before 1st May 2012.
  • Ban On The Import, Purchase And Transport Of Iranian Petrochemical Products – Including Financing And Insuring, Directly Or Indirectly. However:
    • Contracts Already Concluded May Be Executed Until 1st May 2012;

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