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Community Provisions (Restrictive Measures - Iran) (Amendment No. 6) (Jersey) Order 2014

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

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A decision made on 24 January 2014:

Decision Reference: MD-C-2014-0013

Decision Summary Title :

Sanctions - Iran (2012) Amend No.6 2014.01.23

Date of Decision Summary:

23 January 2014

 

Int. 25/32

Decision Summary Author:

External Relations

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Draft Order

Person Giving

Oral Report:

External Relations

Written Report

Title :

Community Provisions (Restrictive Measures – Iran) (Amendment No.6) (Jersey) Order 2014

Date of Written Report:

23 January 2014

 

 

Written Report Author:

Law Draftsman

Written Report :

Public or Exempt?

 Public

Subject:   

Community Provisions (Restrictive Measures – Iran) (Amendment No.6) (Jersey) Order 2014

Decision(s): 

The Minister for External Relations, in pursuance of Article 2 of the European Communities Legislation (Implementation) (Jersey) Law 1996 and having regard to Council Regulation (EU) No. 267/2012 concerning restrictive measures against Iran, made the Community Provisions (Restrictive Measures – Iran) (Amendment No.6) (Jersey) Order 2014.

Reason(s) for Decision:

The United Nations Security Council has adopted certain sanctions measures relating to the Islamic Republic of Iran. Subsequently, the European Union has introduced Council Regulation (EU) No. 267/2012 concerning restrictive measures against Iran with regard to Iran's proliferation sensitive nuclear activities and the development of nuclear weapon delivery systems.

On 24 November 2013, China, France, Germany, the Russian Federation, the United Kingdom and the United States, supported by the High Representative of the European Union for Foreign Affairs and Security Policy, reached an agreement with Iran on a Joint Plan of Action which sets out an approach towards reaching a long-term comprehensive solution to the Iranian nuclear issue. It was agreed that the process leading to this comprehensive solution would include, as a first step, initial mutually agreed measures to be taken by both sides for a duration of six months, renewable by mutual consent.

As part of this first step, Iran would undertake a number of voluntary measures as specified in the Joint Plan of Action. In return, a number of voluntary measures would be taken which include the EU temporary suspension of certain restrictive measures.

As a result Council Regulation 267/2012 has been amended by Council Regulation (EU) No 42/2014.  The amendments include:

 

        Increasing the different notification and authorisation thresholds in Article 30 for financial transactions with Iranian financial or credit institutions;

        Increasing the different notification and authorisation thresholds in Article 30a for financial transactions to or from an Iranian person, entity or body;

        Suspension of the following restrictive measures relating to:

  • the transportation of crude oil and petroleum products and related financial assistance;
  • the import, purchase, export and transportation of petrochemical products and related financial assistance;
  • the sale, purchase, supply, import, export and transport of gold, precious metals and diamonds and related assistance; and
  • the provision of vessels for the transport and storage of oil and petrochemical products.

        Permitting authorisation to be given for economic resources to be made available to the Iranian Minister of Petroleum.

The proposed Order gives effect in Jersey to the suspension of these restrictive measures.  

Resource Implications:

There are no manpower or revenue implications arising.

Action required:

The Chief Minister’s Department shall –

(1) inform the Assistant Greffier of the States and the States Greffe Publications Editor immediately the Order is made.

(2) deliver the signed and sealed order to the Publications Editor.

 

(3) request the Greffier of the States to arrange for the making of the Order to be notified to the States

 

Signature:

 

 

 

Position: 

 

 

Minister for External Relations

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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