We all know that the EU has imposed stricter sanctions on Iran than provided for in the United Nations Security Council resolution 1929 (2010). It is interesting, though, to consider the legal background of this measure.
The new sanctions are imposed with a Council decision based on art. 29 TEU. The decision prohibits the supply, sale or transfer to Iran of further items, materials, equipment, goods and technology, in addition to those determined by the Security Council or the Committee, that could contribute to Iran’s enrichment-related, reprocessing or heavy water- related activities, or to the development of nuclear weapon delivery systems. The decision imposes restrictions on financial transactions to and from Iran, freezing of funds, as well as inspections on all Iranian cargo and admission restrictions for certain individuals.