Global Trade Alert
Global Trade Alert

EU: Expanded export ban to Iran and transaction ban with certain ports

Announcement

18 Nov 2024

In November 2024, the European Union expanded its sanctions against Iran for its involvement in the Russian invasion of Ukraine.

 

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

18 Nov 2024

Revocation date:

No revocation date

Export ban In force

On 18 November 2024, the European Union adopted Council Regulation (EU) 2024/2897 expanding the export ban against Iran for its involvement in the Russian invasion of Ukraine. The regulation adds seve...

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Controls on commercial transactions and investment instruments In force

On 18 November 2024, the European Union adopted Council Regulation (EU) 2024/2897 establishing a new framework to prohibit any transactions with listed ports and locks. The regulation also adds the fi...

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