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Council Regulation (EU) 2016/31Show full title
Council Regulation (EU) 2016/31 of 14 January 2016 amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran
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Council Regulation (EU) 2016/31
of 14 January 2016
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:
(1) Council Regulation (EU) No 267/2012(2) gives effect to the measures provided for in Decision 2010/413/CFSP.
(2) On 31 July 2015, the Council adopted Decision (CFSP) 2015/1337(3) amending Decision 2010/413/CFSP to extend until 14 January 2016 the exemption provided for in Article 20(14) 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.
(3) On 14 January 2016, the Council adopted Decision (CFSP) 2016/36(4) further extending the abovementioned exemption until 28 January 2016.
(4) 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.
(5) Regulation (EU) No 267/2012 should therefore be amended accordingly,
HAS ADOPTED THIS REGULATION:
(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)
Council Decision (CFSP) 2015/1337 of 31 July 2015 amending Decision 2010/413/CFSP concerning restrictive measures against Iran (OJ L 206, 1.8.2015, p. 68).
(4)
Council Decision (CFSP) 2016/36 of 14 January 2016 amending Decision 2010/413/CFSP concerning restrictive measures against Iran (see page 17 of this Official Journal).
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