EU strengthens sanctions against Iran with particular impact for oil and gas sector and financial institutions

On 15 October 2012, the Council of the European Union announced that it had decided to strengthen significantly the EU’s restrictive measures in respect of Iran – increasing the action being taken by the international community against Iran. The amendments to the current EU sanctions regime in respect of Iran are wide-ranging in scope and intended to target both Iran’s nuclear and ballistic programmes as well as anything that might serve to provide revenue for those purposes to the Iranian government. For our detailed briefing on the amended sanctions regime, please click here.

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Filed under Corporate Crime, EU, Herbert Smith Freehills, HM Treasury, Sanctions and Money Laundering, Sector Updates by Herbert Smith Freehills, UK

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