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Re point 2.(g): for the record.
3. (Existing contracts)
Member States are in agreement that all existing contracts should be covered by the embargo provided for in the Ministers' decision of 22 April 1980.
Member States may nevertheless grant exceptions having regard to the aims pursued by the sanctions.
These exceptions are based on the fact that a contract was concluded before 4 November 1979 and that the expenditure already incurred by the exporter for export to Iran represents at least one third of the total amount of the contract on the date of entry into force of the embargo measures.
Member States will inform the other Member States and the Commission of any instance where they have applied these criteria. If they consider it necessary, Member States will call for consultation under Article 224, without prejudice to the application of Article 225.
Application of paragraph 3 to the various measures in paragraph 2 does not concern point 2.(f), which contains a special rule.
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