International sanctions against Iran

2012-01-23 16:23

kalahari.com

Brussels - International sanctions against Iran focus on key sectors such as defence, finance and oil with the aim of getting Tehran to end its controversial nuclear programme. Over time, the United Nations and the European Union have adopted increasingly tough measures.

United Nations

Since 2006, the Security Council has approved four series of sanctions:

- Resolution 1737 (December 23 2006) imposes economic and commercial sanctions against ten entities linked to Tehran's nuclear and ballistic programmes. The assets of these entities and of 12 prominent figures are frozen.

- Resolution 1747 (March 24 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 3 2008) hits more entities and individuals with a foreign assets freeze and travel ban. It also bans the supply of dual use items (civil and military) to Iran.

- Resolution 1929 (June 9 2010) places new restrictions on Iranian investments and bans the sale to Iran of certain heavy arms (tanks, combat aircraft and helicopters). More names added to sanctions list.

United States

Washington first imposed sanctions in the 1980s, banning businesses and individual Americans from trading with Iran except with Treasury Department approval.

- In 2008, the United States introduces further financial restrictions by banning American banks from acting as an intermediary for the transit of funds to and from Iran.

- In July 2010, a law targets the supply of petrol to Iran, which is highly dependent on refined products, and punishes foreign groups investing in the Iranian oil sector.

- In November 2011, Washington beefs up its sanctions against individuals supporting the development of Iran's oil sector.

- In December 2011, the assets of foreign financial institutions that trade with the Iranian Central Bank in the petrol sector are frozen.

- Since then, Washington has led a campaign with the aim of reducing the volume of Iranian oil exports. Japan has announced that it would reduce imports but India and China, major customers, resist pressure to do so, as does Russia which advocates dialogue with Tehran.

European Union

- July 26 2010, the European Union bans technical assistance or the transfer of oil technologies to Iran and the activity of some Iranian banks and adds names to the United Nations list of individuals banned from travelling. The measures focus on the Iranian Revolutionary Guards.

- In May and December 2011, the assets of 243 Iranian entities and around 40 more individuals are frozen and visa bans applied.

- January 19 2012. The European Union reaches an agreement in principle to ban most transactions with the Iranian Central Bank. A decision must be taken by January 23 on the imposition of a possible oil embargo by July.

- SAPA

Read more on:    un  |  eu  |  us  |  iran  |  nuclear  |  iran nuclear programme  |  sanctions

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
10 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 
Traffic
Lottery
 
  • Thursday Cape Town - 14:01 PM
    Road name: Wet Weather
    RAIN across the greater Cape Town area - drive with care and use headlights
  • Thursday Kuils River - 09:13 AM
    Road name: Polkadraai Road Eastbound
    ROADWORKS between the R102 Van Riebeeck Road and the R310 Baden Powell Drive exit - DELAYS
 
More traffic reports...
 

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

2 TV Series for R250

Get 2 TV Series box sets for R250 and save up to R148! Offer valid while stocks last. Shop now!

Pre-order the Xbox One

Get this all-in-one entertainment system with live TV, movies, social networking and gaming. Pre-order now!

Up to 50% off hair care products!

Save up to 50% on professional hair care products at kalahari.com. Offer valid while stocks last. Shop now!

30% off academic books

Score a mind blowing 30% off academic books! Offer valid while stocks last. Shop now!

Mind blowing deals on electronics!

Save up to 35% on electronics. Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Samsung Galaxy S III 16GB

There are no straight lines in nature. The Samsung  GALAXY...

From R3795.00

I'm shopping for:

Horoscopes
Aquarius
Aquarius

You may be putting too much effort into someone or something. You are doing it out of love and compassion but there is a chance...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.