EU Sanctions Against Iran

July 06, 2012
The EU’s ban on the importation, purchase, transportation and financing of Iranian crude oil and petroleum entered into force on 1 July 2012, following the expiry of the exemptions provided for in the most recent EU Regulation (EU) No 267/2012. In this update, we look at the potential impact this may have on your business and the steps you should take to ensure compliance with the ban.