Joint proposal for a COUNCIL REGULATION amending Regulation (EC) No 1210/2003 concerning certain specific restrictions on economic and financial relations with Iraq
Date: 2011-01-26
Institutions: European Commission, High Representative of the Union
Subjects: EU relations, Iraq, UN resolution, petroleum, petroleum product, trading operation

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EUROPEAN COMMISSION 

HIGH REPRESENTATIVE OF  
THE EUROPEAN UNION FOR 
FOREIGN AFFAIRS AND 
SECURITY POLICY 

Brussels, 26.1.2011 
COM(2011) 35 final 

2011/0015 (NLE) 

Joint proposal for a 

COUNCIL REGULATION 

amending Regulation (EC) No 1210/2003 concerning certain specific restrictions on 
economic and financial relations with Iraq 

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EXPLANATORY MEMORANDUM 

(1) 

(2) 

(3) 

Council  Regulation  (EC)  No  1210/2003  imposed  certain  restrictive  measures  in 
respect  of  Iraq,  in  accordance  with  Common  Position  2003/495/CFSP  and  UN 
Security Council Resolution 1483 (2003). Article 2 of Regulation (EC) No 1210/2003 
made  specific  arrangements  concerning  payments  for  Iraqi  exports  of  petroleum, 
petroleum  products,  and  natural  gas,  and  Article  10  deals  with  immunity  from  legal 
proceedings of certain Iraqi assets. 

These  arrangements  applied  until  31  December  2007.  They  were  extended  by 
Resolution 1859 of 22 December 2008 until 31 December 2009. By Resolution 1905 
of  21  December  2009,  the  UN  Security  Council  decided,  as  requested  by  Iraq,  to 
extend  further  these  specific  arrangements  until  31  December  2010.  In  accordance 
with Council Decision 2010/128/CFSP, Regulation (EC) No 1210/2003 was amended 
by means of Regulation (EU) No 168/2010. 

By Resolution 1956 of 15 December 2010, the UN Security Council decided to extend 
these  specific arrangements  for a further 6 months to 30 June 2011 and to terminate 
them from that date. In accordance with Council Decision 2011/…/CFSP, Regulation 
1210/2003 should now be further amended. 

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2011/0015 (NLE) 

Joint proposal for a 

COUNCIL REGULATION 

amending Regulation (EC) No 1210/2003 concerning certain specific restrictions on 
economic and financial relations with Iraq 

THE COUNCIL OF THE EUROPEAN UNION, 

Having  regard  to  the  Treaty  on  the  Functioning  of  the  European  Union,  and  in  particular 
Article 215(1) thereof, 

Having 
regard 
2003/495/CFSP on Iraq1, 

to  Council  Decision  2011/…/CFSP  amending  Common  Position 

Having  regard  to  the  joint  proposal  from  the  High  Representative  of  the  Union  for  Foreign 
Affairs and Security Policy and the Commission, 

Whereas: 

(1) 

In line with United Nations Security Council (UNSC) Resolution 1483(2003), Article 
2  of  Council  Regulation  (EC)  No  1210/2003  of  7  July  2003  concerning  certain 
specific  restrictions  on  economic  and  financial  relations  with  Iraq  and  repealing 
Regulation  (EC)  No  2465/962,  made  specific  arrangements  as  regards  payments  for 
petroleum, petroleum products, and natural gas exported from Iraq, whereas Article 10 
of  that  Regulation  made  specific  arrangements  concerning  immunity  from  legal 
proceedings of certain Iraqi assets. These specific arrangements were applied until 31 
December 20103.  

(2) 

UNSC  Resolution  1956  of  15  December  2010  provided  that  these  specific 
arrangements  should  be  extended  until  30  June  2011  and  that  they  should  be 
terminated  from  that  date.  In  accordance  with  Council  Decision  2011/…/CFSP, 
Regulation (EC) No 1210/2003 should now be amended accordingly. 

(3) 

In order to ensure that the measures provided for in this Regulation are effective, this 
Regulation must enter into force immediately, 

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2 
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OJ L … , … 2010, p. .. . 
OJ L 169, 8.7.2003, p. 6. 
Council Regulation (EU) No 168/2010 (OJ L 51, 2.3.2010, p. 1) 

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HAS ADOPTED THIS REGULATION: 

Article 1 

In  Article  18  of  Regulation  (EC)  No  1210/2003,  paragraph  3  shall  be  replaced  by  the 
following: 

“3. 

Articles 2 and 10 shall apply until 30 June 2011.” 

This Regulation shall enter into force on the day of its publication in the Official Journal of 
the European Union. 

Article 2 

This Regulation shall be binding in its entirety and directly applicable in all Member States. 

Done at Brussels, […] 

For the Council 
The President 
[…] 

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