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Iran sanctions

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January 10, 2013


Foreign Minister Bob Carr today announced further Australian sanctions on Iran, affecting the financial, trade, energy and transport sectors.

“These sanctions further increase pressure on Iran to comply with its nuclear non-proliferation obligations and with UN Security Council resolutions and to engage in serious negotiations on its nuclear program,” Senator Carr said.

The sanctions include financial and travel restrictions on additional individuals and entities active in the oil, gas and financial sectors or related to Iran’s WMD proliferation activities.

They include new measures prohibiting:

 financial transactions between Australian and Iranian banks, including the Central Bank of Iran, unless authorised in advance;  export of additional materials and the provision of services relevant to Iran’s nuclear and ballistic programs, and to industries controlled by the Iranian

Revolutionary Guard Corps;  import of natural gas from Iran and the provision of related services, and broadening restrictions on export of key equipment for the Iranian oil, gas and

petrochemical industries; and  use of Australian vessels for transport or storage of Iranian petrochemical products; construction of new oil tankers for Iran and supply of key naval

equipment and technology for ship building and maintenance; and flagging and classification services for Iranian tankers and cargo vessels.

The additional measures are broadly aligned with those introduced by the European Union and other countries.

The Government will seek public comment on an exposure draft of proposed amendments to the Autonomous Sanctions Regulations 2011 before the new sanctions are formally implemented.

Minister’s office: 0435 658 623