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February 25, 2009 

France, Germany and UK Preparing Additional Sanctions on Iran

Thursday's Financial Times reports that Germany, France and the United Kingdom have prepared a list of 34 Iranian entities and 10 individuals that could be subject to trade sanctions.

According to the article, the names on the list are "allegedly linked to Iran’s covert nuclear or biological weapons programmes" and some of the entities, such as Bank Tejarat, already appear on the U.S. Treasury Department's Specially Designated Nationals List and on the list of Iranian entities subject to U.N. sanctions.

The article also notes that several EU countries, including Greece, Cyprus, Spain, Austria and Sweden are opposed to the additional sanctions.


Bank Tejarat is not on the SDN List -- It appears only in the list of Iranian Government-owned or controlled entities in the Appendix to 31 CFR Part 560. Thus transactions with Bank Tejarat must be rejected by U.S. persons, but its property is not blocked.

While Bank Tejarat is one of the Iranian financial institutions that is included in Appendix A to Part 560 of the Iranian Transactions Regulations, the entities included in that appendix appear on OFAC’s
alphabetized master list of Specially Designated Nationals and Blocked Persons. See

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