Newsletter 144 from August 23, 2010 International Sanction

Newsletter 144 - Amendment to the Appendix to the Ordinance on Sanctions against the Islamic Republic of Iran - The Federal Council imposed new sanctions on the Islamic Republic of Iran on 18 August 2010. By doing so, Switzerland implemented UN Security Council Resolution 1929 of 9 June 2010. The additional sanctions include the prohibition of deliveries of heavy military equipment to Iran. Related services and funding are also prohibited. Moreover, it is forbidden for the Iranian government and Iranian nationals, companies and organizations to acquire stakes in companies in Switzerland whose technology can be used for Iran's nuclear and missile program. The amendment to the Ordinance came into force on 19 August 2010. - For more information on the Ordinance on Sanctions against the Islamic Republic of Iran and its amendments, see the media release of the Federal Department of Economic Affairs and the website of the State Secretariat for Economic Affairs (SECO).