Iran Regime

Council Regulation (EU) 2023/1529 of 20 July 2023 concerning restrictive measures in view of Iran’s military support of Russia’s war of aggression against Ukraine

On 20 July 2023 the Council of the European Union adopted Decision (CFSP) 2020/1532 concerning restrictive measures in view of Iran’s military support to Russia’s war of aggression against Ukraine, which prohibits the export to Iran of components used in the manufacturing of UAVs. It further prohibits the sale, license or transfer, in any other way, of intellectual property rights or trade secrets, as well as the granting of rights to access or re-use any material or information protected by means of intellectual property rights or which constitute trade secrets related to the goods and technology whose sale, supply, transfer or export to a person, entity or body in Iran or for use in Iran is prohibited. The Decision also provides for the freezing of funds and economic resources and a prohibition on making funds and economic resources available to natural and legal persons, entities or bodies responsible for, supporting or involved in Iran’s UAV programme and the persons, entities and bodies subject to those restrictive measures are listed in its Annex.

Posted in Posts - Latest Updates in EU and UN Sanctions.