NTE 2024/24: trade sanctions against Iran, introduced in September 2024
Published 16 September 2024
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This publication is available at https://www.gov.uk/government/publications/notice-to-exporters-202424-trade-sanctions-against-iran-introduced-in-september-2024/nte-202424-trade-sanctions-against-iran-introduced-in-september-2024
Introduction
New trade sanctions on Iran entered into force on 13 September 2024.
The legislation for the new measures is The Iran (Sanctions) (Amendment) Regulations 2024. This amends The Iran (Sanctions) Regulations 2023 (the ‘regulations’) originally introduced in 2023.
New measures
These sanctions target goods and technology of strategic concern to the UK. These items are listed in Schedule 4 of the regulations. The export, supply and delivery, and making available to, or for use in, Iran, of these items is prohibited. The provision of technical assistance, brokering services, financial services or funds relating to these items is also prohibited.
These measures will disrupt Iran’s production and supply of unmanned aerial vehicles and missiles, and further increase the pressure on Iran’s defence industry. The measures broadly align with similar steps taken by the UK’s international partners.
Exceptions and licences
There are some exceptions to the prohibitions, which are set out in detail in the regulations. Licences may be granted in very limited circumstances, as set out in the statutory guidance.
Further guidance and support
Guidance on the scope of sanctions against Iran, including the circumstances in which licences can be granted, will shortly be updated and can be found on the UK sanctions related to Iran guidance page.
The Export Support Service is ready to help with any other enquiries about exporting or trading with Iran that are not specific to the requirement for export licences.
Contact Export Control Joint Unit
General queries about strategic export licensing
Export Control Joint Unit
Department for Business and Trade
Old Admiralty Building
Admiralty Place
London
SW1A 2DY
Email [email protected]
Telephone 020 7215 4594