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European Union–Iran relations are the bilateral relations between Iran and the European Union (EU). The EU is Iran's largest trading partner, along with China and the United Arab Emirates. Trade with Iran is subject to the general EU import regime and the EU supports the goal of Iranian accession to the World Trade Organization (WTO). [1]
The United States sanctions against Iran were imposed in November 1979 after radical students seized the American Embassy in Tehran and took hostages.The sanctions were imposed by Executive Order 12170, which included freezing about $8.1 billion in Iranian assets, including bank deposits, gold and other properties, and a trade embargo.
An essential tool of the EU's Common Foreign and Security Policy (CFSP) are restrictive measures, also known as "sanctions". They are utilized by the EU as a component of a coordinated and all-encompassing policy approach that includes political discussion, complementary actions, and the use of other tools at its disposal.
In its history, the EU has on multiple occasions imposed sanctions on other countries for human rights violations. Some of the examples include an arm embargo imposed on China since 1989 for the Tiananmen Square Massacre, [2] or asset freezes on certain officials in Iran who repressed and tortured human right activists. [3]
On 24 November 2013, an interim agreement was reached between the E3/EU+3 (P5+1 countries and the EU) and Iran in Geneva, Switzerland. [1] [7] It is expected to lead to a six-month freeze and partial rollback of portions of Iran's nuclear program in exchange for decreased economic sanctions on Iran, as the countries work towards a long-term ...
Economic sanctions; 2006–2007 economic sanctions against the Palestinian National Authority; Economic sanctions against the United States; Embargo of Russian oil during the Russo-Ukrainian War; EU natural gas price cap
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Individuals related to Iran Sanctions (1 C, 5 P) Iranian entities subject to U.S. Department of the Treasury sanctions (10 C, 75 P) Iranian individuals subject to U.S. Department of the Treasury sanctions (2 C, 64 P)