Saturday, 16 January 2016

International sanctions against Iran since November 1979

INTERNATIONAL SANCTIONS AGAINST IRAN SINCE NOVEMBER 1979

UNITED STATES

November 1979: Washington begins to ban businesses and individual Americans from trading with Iran except with Treasury Department approval in response to the hostage taking at the US embassy in Tehran.

June 1995: The US implements a broad economic embargo against Iran.

November 2008: Washington forbids US banks to take part in fund transfers involving Iran.

July 2010: A law targets the supply of petrol to Iran, which is highly dependent on refined products, and foreign firms that invest in the Iranian energy sector.

November 2011: Washington reinforces sanctions on goods, services and technologies for Iran's petrochemical sector. In December, assets of foreign financial institutions that trade with the Iranian Central Bank in the petrol sector are frozen.

July 2012: The US imposes new economic sanctions on Iran's oil export sector and on two banks accused of dealings with Tehran.

June 2013: Washington unveils sanctions on the rial currency and the auto sector.

Around 100 entities in Iran are affected by the US sanctions.

UNITED NATIONS

The UN Security Council has approved four series of sanctions. Currently 43 individuals and 78 entities are on the UN's blacklist.

Resolution 1737 (December 2006) imposes economic and commercial sanctions against 10 entities linked to Tehran's nuclear and ballistic programmes. Their assets and those of 12 individuals are frozen.

Resolution 1747 (March 2007) freezes the assets of 13 new entities linked to the nuclear programme or the Iranian Revolutionary Guards. There is also an embargo on Iranian arms purchases and restrictions on loans to Iran.

Resolution 1803 (March 2008) imposes a foreign assets freeze and travel ban on key players in the nuclear programme and forbids the supply of dual-use items (civilian and military) to Iran.

Resolution 1929 (June 2010) places new restrictions on Iranian investments and bans sales to Iran of battle tanks and combat aircraft.

EUROPEAN UNION

July 2010: The EU bans technical assistance or the transfer of oil technologies to Iran. It also bans the activity of some Iranian banks and adds names to the United Nations list of individuals banned from travelling.

In May, then December 2011 it freezes the assets of 243 Iranian entities and around 40 more individuals, who are banned from receiving visas.

January 2012: The EU approves a ban on Iranian oil imports and freezes assets of the Iranian Central Bank.

October 2012: New sanctions target EU dealings with Iranian banks, shipping and gas imports.

December 2012: The EU extends its blacklist.

A total of 92 Iranians and 466 companies or groups, including the Iranian central bank, are affected by the Brussels sanctions.

No comments:

LinkWithin

Related Posts Plugin for WordPress, Blogger...