HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN"L 15/18
EN
Official Journal of the European Union
20.1.2014
REGULATIONS
COUNCIL REGULATION
of 20 January 2014
amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran
(2014/42/EU)
THE COUNCIL OF THE EUROPEAN UNION,
— the prohibition on trade in gold and precious metals
with the Government of Iran, its public bodies and
Having regard to the Treaty on the Functioning of the European
the Central Bank of Iran, or persons and entities
Union, and in particular Article 215 thereof,
acting on their behalf.
(4) Furthermore,
the
Joint
Plan
of
Action
also
foresees
the
Having regard to Council Decision 2010/413/CFSP of 26 July
increase by tenfold of the authorisation thresholds in
2010 concerning restrictive measures against Iran and repealing
relation to the transfers of funds to and from Iran.
Common Position 2007/140/CFSP ( 1 ),
(5) On
20
January
2014,
the
Council
adopted
Decision
Having regard to the joint proposal from the High Represen
2014/21/CFSP ( 3 ) amending Decision 2010/413/CFSP.
tative of the Union for Foreign Affairs and Security Policy and
the European Commission,
(6) The
abovementioned
measures
fall
within
the
scope
of
the Treaty and regulatory action at the level of the Union
Whereas:
is therefore necessary in order to implement them, in
particular with a view to ensuring their uniform appli
cation by economic operators in all Member States.
(1) Council
Regulation
(EU)
No
267/2012
( 2 ) gives effect to
the measures provided for in Decision 2010/413/CFSP.
(7) Regulation
(EU)
No
267/2012
should
therefore
be
amended accordingly,
(2) On
24
November
2013,
China,
France,
Germany,
the
Russian Federation, the United Kingdom and the United
HAS ADOPTED THIS REGULATION:
States, supported by the High Representative of the
Union for Foreign Affairs and Security Policy, reached
Article 1
an agreement with Iran on a Joint Plan of Action
which sets out an approach towards reaching a long-
Regulation (EU) No 267/2012 is amended as follows:
term comprehensive solution to the Iranian nuclear
issue. It was agreed that the process leading to this
(1) In Article 11, the following paragraphs 3 and 4 are added:
comprehensive solution would include, as a first step,
initial mutually-agreed measures to be taken by both
"3. The
prohibition
laid
down
in
point
(c)
of
paragraph
1
sides for a duration of six months, renewable by
shall be suspended as regards the products listed in Annex
mutual consent.
XI.
(3) As
part
of
this
first
step,
Iran
would
undertake
a
number
4. The
prohibition
laid
down
in
point
(d)
of
paragraph
1
of voluntary measures as specified in the Joint Plan of
shall be suspended insofar as it concerns the provision of
Action. In return, a number of voluntary measures would
insurance and reinsurance related to the import, purchase or
be undertaken which would include the suspension by
transport of the products listed in Annex XI.".
the Union, for a duration of six months, during which
the relevant contracts would have to be executed, of the
(2) In Article 13, the following paragraph 3 is added:
following restrictive measures:
"3. The
prohibitions
laid
down
in
points
(a),
(b),
(c)
and
— the prohibition on the provision of insurance and
(d) of paragraph 1 shall be suspended.".
reinsurance and transport of Iranian crude oil,
(3) In Article 15, the following paragraph 3 is added:
— the prohibition on the import, purchase or transport
"3. The
prohibitions
laid
down
in
points
(a),
(b)
and
(c)
of Iranian petrochemical products and on the
of paragraph 1 shall be suspended as regards the products
provision of related services,
listed in Annex XII.".
( 1 ) OJ L 195, 27.7.2010. p. 39.
(4) The following Article 28b is inserted:
( 2 ) Council Regulation (EU) No 267/2012 of 23 March 2012
concerning restrictive measures against Iran and repealing Regulation
(EU) No 961/2010 (OJ L 88, 24.3.2012, p. 1).
( 3 ) See page 22 of this Official Journal.

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EN
20.1.2014 Official
Journal
of
the
European
Union L
15/19
"Article 28b
(ii) the reference to "EUR 40 000" is replaced by "EUR
400 000";
1. By
way
of
derogation
from
Article
23(2)
and
(3),
the
competent authorities may authorise, under such conditions
(c) in paragraph 3(c), the reference to "EUR 10 000" is
as they deem appropriate, the release of economic resources
replaced by "EUR 100 000".
or the making available of funds or economic resources,
directly or indirectly, to the Ministry of Petroleum as
(6) Article 30a is amended as follows:
listed in Annex IX, after having determined that those
funds or economic resources are necessary for the
(a) in paragraph 1(b), the reference to "EUR 40 000" is
execution of contracts for the import or purchase of the
replaced by "EUR 400 000";
petrochemical products listed in Annex V, that originate in
Iran or have been imported from Iran.
(b) in paragraph 1(c), the reference to "EUR 40 000" is
replaced by "EUR 400 000".
2. The
Member
States
concerned
shall
inform
the
other
Member States and the Commission, within 4 weeks, of
(7) In Article 37b, the following paragraph 3 is added:
authorisations granted under this Article.".
"3. The prohibition laid down in paragraph 1 shall be
(5) Article 30 is amended as follows:
suspended.".
(a) in paragraph 3(a):
(8) In point (b) of Article 45, the words "amend Annexes III,
IV, IVA, V, VI, VIA, VIB, VII, VIIA, VIIB and X" are replaced
(i) the reference to "EUR 100 000" is replaced by "EUR
by the words "amend Annexes III, IV, IVA, V, VI, VIA, VIB,
1 000 000";
VII, VIIA, VIIB, X, XI and XII".
(ii) the reference to "EUR 40 000" is replaced by "EUR
(9) Annex I and Annex II to this Regulation are added as
400 000";
Annexes XI and XII respectively.
(b) in paragraph 3(b):
Article 2
(i) the reference to "EUR 100 000" is replaced by "EUR
This Regulation shall enter into force on the date of its
1 000 000";
publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 20 January 2014.
For the Council
The President
C. ASHTON

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L 15/20
EN
Official Journal of the European Union
20.1.2014
ANNEX I
"ANNEX XI
List of products referred to in Article 11(3) and (4)
HS code Description
2709 00
Petroleum oils and oils obtained from bituminous minerals, crude".

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EN
20.1.2014 Official
Journal
of
the
European
Union L
15/21
ANNEX II
"ANNEX XII
LIST OF PRODUCTS REFERRED TO IN ARTICLE 15(3)
HS code Description
7106
Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured
forms, or in powder form
7108
Gold (including gold plated with platinum), unwrought or in semi-manufactured forms, or in
powder form
7109 Base
metals
or
silver,
clad
with
gold,
not
further
worked
than
semi-manufactured
7110
Platinum, unwrought or in semi-manufactured forms, or in powder form
7111 Base
metals,
silver
or
gold,
clad
with
platinum,
not
further
worked
than
semi-manufactured
7112
Waste and scrap of precious metal or of metal clad with precious metal; other waste and
scrap containing precious metal or precious-metal compounds, of a kind used principally for
the recovery of precious metal".

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Document Outline

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