1973-07-25

Head of Novin Energy Company, which is designated under resolution 1747 (2007)

2025-09-28

UK

The Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019

UN, UK country specific

Iran

Asset freeze and making available provisions, Trade sanctions, Travel bans

• The Regulations impose financial sanctions through a targeted asset freeze on designated persons and prohibitions on making funds or economic resources available. This involves the freezing of funds and economic resources (non-monetary assets, such as property or vehicles) of designated persons and ensuring that funds and economic resources are not made available to or for the benefit of designated persons, either directly or indirectly. • The effect of the Regulations is to impose a travel ban on persons who are designated by the Secretary of State for the purposes of being made subject to immigration sanctions under the Sanctions Act. • Trade sanctions.

The Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019 came fully into force on 31 December 2020. They are intended to ensure that certain sanctions measures relating to Iran continue to operate effectively. You should also review the Sanctions (EU Exit)(Miscellaneous Amendments) Regulations 2019, the Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2020 and the Sanctions (EU Exit) (Miscellaneous Amendments) (No. 3) Regulations 2020 to find out any amendments made to the Regulations. This sanctions regime is aimed at encouraging the Iranian government to: comply with relevant UN obligations abandon nuclear weapons programmes restrict the ability of Iran to develop nuclear weapons and nuclear weapons delivery systems This sanctions regime also gives effect to the UK’s obligations under United Nations Security Council Resolution 2231. These regulations have replaced, with substantially the same effect, relevant existing EU legislation and related UK regulations.

Licensing and exception provisions are contained in Part 6 of the Regulations.