EU & UN Position
The EU lifted all nuclear related economic and financial sanctions via Council Decision (CFSP) 2016/37 on 16 January 2016. This adopted the Council Decision (CFSP) 2015/1863 of 18 October 2015 which agreed to terminate all EU nuclear related economic and financial sanctions simultaneously with the IAEA verified implementation by Iran of the agreed nuclear-related measures.
These apply to:
- Financial transfers;
- Banking, insurance and reinsurance;
- The SWIFT system;
- Trade financing;
- Oil and gas;
- Petroleum and petrochemical products and related technology;
- Naval equipment and technology;
- Design and construction of cargo vessels and oil tankers;
- Precious metals;
- Other specific areas.
Please note that certain transactions involving items such as dual-use goods, nuclear related goods and technology or graphite and other raw metals may require prior EU or local authorisation. Please also remember to check the EU Sanctioned Persons list.
For a more comprehensive guide to the EU position, please see: http://eeas.europa.eu/top_stories/pdf/iran_implementation/information_note_eu_sanctions_jcpoa_en.pdf
All sanctions resolutions passed between 2006 and 2010 have been terminated. However a resolution from July 2015 is still in place. This restricts Iran from working on missiles designed to deliver nuclear weapons and the supply of ballistic missiles and heavy weapons remains subject to Security Council approval.