In exchange for certain concessions by Iran over its nuclear program, the EU has agreed to suspend the application of certain restrictive measures (see the EU proposal) Some relaxation of certain US sanctions against Iran is anticipated, but the details have not yet been made public.
Based on the proposal the following suspensions of EU sanctions will come into force for a period of six months from the date on which the suspensions take effect: June 15, 2013 - Statement by EU High Representative Catherine Ashton on the Iranian election The High Representative of the European Union for Foreign Affairs and Security Policy and Vice President of the Commission issued the following statement today: "The Iranian people have chosen a new president in elections on 14 June.
As foreseen by the Joint Plan of Action, the thresholds for authorising financial transfers to and from Iran have been increased tenfold in order to ease legitimate trade with Iran.
The suspension will last for a period of six months during which relevant contracts will have to be executed.
It also defines the scope of the several export bans, including on graphite, metals, key naval equipment and technology for ship-building, additional key equipment or technology for the Iranian oil, natural gas and petrochemical sector and software for industrial production.
The act also specifies which natural gas products may no more be imported into the EU and clarifies that swapping Iranian natural gas is also prohibited.
In connection with the third prohibition, the Act specifically cites covered "services" to include underwriting or providing insurance or reinsurance, financing or brokering, as well as providing ships or shipping services to deliver refined petroleum products (the prohibitions thus directly affect non-U. insurers, banks, shipping lines and leasing companies that service Iranian imports of refined petroleum products).
See also: Joint Plan of Action between the E3/EU 3 and Iran January 16, 2014 - Certain EU Iran Sanctions To Be Suspended Following the adoption of the Joint Plan of Action on November 24, 2013, the United States, the United Kingdom, France, Russia, China and Germany concluded an Interim Agreement with Iran over its nuclear program on January 12, 2014.The Iranian Cyber Police unit was set up in 2011, taking on anti-revolutionary and dissident groups who organised protests in 2009 against the re-election of President Mahmoud Ahmadinejad, the Official Journal said on Tuesday.March 11, 2013 - Human rights violations: Council strengthens sanctions against Iran Following a review, the Council prolonged the EU restrictive measures in response to serious human rights violations in Iran by 12 months.Besides, the Council also added entities and a person to the list of those subject to restrictive measures.The regulation giving effect to the October measures further defines the prohibition regarding participation in transactions with Iranian financial institutions, unless authorized in advance.The Council also added 9 persons responsible for serious human rights violations to the list of those subject to a travel ban and an asset freeze. The Council also decided to subject one entity responsible for human rights violations to an asset freeze. The legal acts will be published in the EU Official Journal of 12 March.For more details on the EU's relationship with Iran and restrictive measures, see factsheet European Union and Iran & EU Press Release.The legal acts adopted by the Council will be published later today in the EU Official Journal and enter into force today.The remainder of the EU sanctions against Iran remain in force.December 24, 2012 - EU Implementing Regulation (EU) No [ 1264/2012] - of 21 December 2012 implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran Financial Sanctions Notice - 24/12/2012 - Iran (nuclear proliferation) ADDITIONS Individuals December 21, 2012 - EU Council defines scope of October measures The Council today approved the implementing legislation for the most recent EU restrictive measures in response to the Iranian nuclear programme.The publication of a regulation in tomorrow’s Official Journal will ensure the full legal effect of the measures adopted on 15 October.