Joint Proposal for a COUNCIL REGULATION amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran
Date: 2016-01-12
Institutions: European Commission, Service for Foreign Policy Instruments
Subjects: Iran, arms control, derogation from EU law, economic sanctions, international sanctions, nuclear non-proliferation, trade restriction

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   EUROPEAN COMMISSION HIGH REPRESENTATIVE OF THE UNION FOR FOREIGN AFFAIRS AND SECURITY POLICY Brussels, 12.1.2016  JOIN(2016) 1 final/2 2016/0001 (NLE)   Version désensibilisée du 28 juin 2016 Joint Proposal for a COUNCIL REGULATION amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran  
 
 
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EXPLANATORY MEMORANDUM 

Council  Regulation  (EU)  No  267/2012  of  23  March  2012  concerning  restrictive 
measures  against  Iran  gives  effect  to  the  measures  provided  for  in  Decision 
2010/413/CFSP. 

On 31 July 2015, the Council adopted Decision (CFSP) 2015/1337 amending Decision 
2010/413/CFSP  and  extending  until  14  January  2016  the  exemption  provided  for  in 
paragraph 14 of Article 20 concerning acts and transactions carried out with regard to 
listed entities insofar as necessary for the execution of the obligations provided for in 
contracts concluded before 23 January 2012 or in ancillary contracts necessary for the 
execution  of  such  obligations  where  the  supply  of  Iranian  crude  oil  and  petroleum 
products  or  the  proceeds  derived  from  their  supply  are  for  the  reimbursement  of 
outstanding  amounts  with  respect  to  contracts  concluded  before  23  January  2012  to 
persons or entities within the territories of Member States or under their jurisdiction, 
where those contracts specifically provide for such reimbursements. 

The Council adopted Decision (CFSP) 2016/…/ further extending the abovementioned 
exemption until 4 February 2016. 

Further action by the Union is needed in order to implement this extension. 

The High Representative of the Union for Foreign Affairs and Security Policy and the 
European Commission propose to amend Regulation (EU) No 267/2012 accordingly. 

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2016/0001 (NLE) 

Joint Proposal for a 

COUNCIL REGULATION 

amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran 

THE COUNCIL OF THE EUROPEAN UNION, 

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

Having  regard  to  Council  Decision  2010/413/CFSP  of  26  July  2010  concerning  restrictive 
measures against Iran and repealing Common Position 2007/140/CFSP 1, 

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

Whereas: 

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Council  Regulation  (EU)  No  267/20122  gives  effect  to  the  measures  provided  for  in 
Decision 2010/413/CFSP. 

On 31 July 2015, the Council adopted Decision (CFSP) 2015/1337 amending Decision 
2010/413/CFSP  to  extend  until  14  January  2016  the  exemption  provided  for  in 
paragraph 14 of Article 20 concerning acts and transactions carried out with regard to 
listed entities insofar as necessary for the execution of the obligations provided for in 
contracts concluded before 23 January 2012 or in ancillary contracts necessary for the 
execution  of  such  obligations  where  the  supply  of  Iranian  crude  oil  and  petroleum 
products  or  the  proceeds  derived  from  their  supply  are  for  the  reimbursement  of 
outstanding  amounts  with  respect  to  contracts  concluded  before  23  January  2012  to 
persons or entities within the territories of Member States or under their jurisdiction, 
where those contracts specifically provide for such reimbursements. 

On … January 2016, the Council adopted Decision (CFSP) 2016/… further extending 
the above mentioned exemption until 4 February 2016. 

This measure falls within the scope of the Treaty and regulatory action at the level of 
the Union is therefore necessary in order to implement it, in particular with a view to 
ensuring its uniform application by economic operators in all Member States. 

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Regulation (EU) No 267/2012 should therefore be amended accordingly, 

HAS ADOPTED THIS REGULATION: 

Article 1 

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OJ L 195, 27.7.2010. p. 39. 
Council Regulation (EU) No 267/2012 of 23March 2012 concerning restrictive measures against Iran 
and repealing Regulation (EU) No 961/2010 (OJ L 88, 24.3.2012, p. 1). 

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In  point  (b)  of  Article  28a  of  Regulation  (EU)  No  267/2012,  the  words  ‘until  14  January 
2016’ are replaced by the words ‘until 4 February 2016’. 

This Regulation shall enter into force on the day of its publication. 

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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