#52026XG02058Notice for Persons and Entities Subject to EU Restrictive Measures Against Iran
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This law provides notice to specific individuals and entities affected by EU sanctions against Iran, as established under Council Decision 2010/413/CFSP and Council Regulation (EU) No 267/2012. It outlines the individuals and entities listed, their rights to apply for authorizations regarding frozen funds, and the procedures for reconsideration of their listing. Additionally, it informs them of their rights to challenge the decisions in court.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Introduction of specific individuals and entities affected by sanctions
- Procedures for application to use frozen funds
- Rights to contest decisions in the General Court
Obligations
What this law requires
Freeze all funds and assets of the listed persons and entities: Ali Reza KHANCHI, Cement Investment and Development Company, Good Luck shipping company, EMKA company, Uranium Processing Nuclear Fuel Production Company of Iran (FATSA), Bank Tejarat, North Drilling Company, and Hafiz Darya Shipping Lines
Apply restrictive measures as provided in Council Decision 2010/413/CFSP and Council Regulation (EU) No 267/2012 to the listed persons and entities
Competent Member State authorities must consider applications from listed persons and entities seeking authorization to use frozen funds for basic needs or specific payments under Article 26 of Regulation (EU) No 267/2012
Process requests for reconsideration of listing submitted by the person and entities to the Council of the European Union before 1 January 2027, with supporting documentation
Maintain updated list of competent authorities in each Member State accessible on websites specified in Annex X to Regulation (EU) No 267/2012