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Thursday 31, January 2013 by

New EU sanctions against Iran

European Union Council Regulation (EU) No 1263/2012 (1263/2012) has introduced measures which significantly restrict trade with Iran across a broad range of industries through increasing the list of equipment subject to restrictive measures and by expanding the finance and payment prohibitions. Law firm Clyde & Co said the new regulation focuses on the specific restrictive measures relating to the energy, metal and maritime industries.

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