CHAPTER IIEXPORT AND IMPORT RESTRICTIONS

Article 13

1.

It shall be prohibited

(a)

to import petrochemical products into the Union if they:

  1. (i)

    originate in Iran; or

  2. (ii)

    have been exported from Iran;

(b)

to purchase petrochemical products which are located in or which originated in Iran;

(c)

to transport petrochemical products if they originate in Iran, or are being exported from Iran to any other country; and

(d)

to provide, directly or indirectly, financing or financial assistance, including financial derivatives, as well as insurance and re-insurance related to the import, purchase or transport of petrochemical products of Iranian origin or that have been imported from Iran.

2.

Petrochemical products means the products listed in Annex V.