{"change_dates":[],"dossier":{"amendments":[],"changes":{"2018-07-03T07:45:28":[{"data":[{"body":"EP/CSL","date":"2018-06-06T00:00:00","type":"Initial period for examining delegated act 2 month(s)"},{"body":"EC","commission":[],"date":"2018-06-06T00:00:00","docs":[{"title":"C(2018)03730","type":"Non-legislative basic document published","url":"http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/actes_delegues/2018/03730/COM_ADL(2018)03730_EN.pdf"}],"type":"Non-legislative basic document published"},{"body":"EP","committees":[{"body":"EP","committee":"BUDG","committee_full":"Budgets","date":"2018-06-22T00:00:00","rapporteur":[{"group":"ALDE","mepref":"53b2d725b819f205b0000012","name":"ARTHUIS Jean"}],"responsible":true}],"date":"2018-06-13T00:00:00","type":"Committee referral announced in Parliament, 1st reading/single reading"},{"body":"EP","date":"2018-07-04T00:00:00","type":"Vote in plenary scheduled"}],"path":["activities"],"type":"added"},{"data":[],"path":["other"],"type":"added"},{"data":[{"body":"EP","committee":"BUDG","committee_full":"Budgets","date":"2018-06-22T00:00:00","rapporteur":[{"group":"ALDE","mepref":"53b2d725b819f205b0000012","name":"ARTHUIS Jean"}],"responsible":true}],"path":["committees"],"type":"added"},{"data":{},"path":["links"],"type":"added"},{"data":{"dossier_of_the_committee":"BUDG/8/13552","geographical_area":["Iran"],"reference":"2018/2758(DEA)","stage_reached":"Awaiting committee decision","subject":["6.30.04 Loans to third-countries, Guarantee Fund"],"subtype":"Examination of delegated act","summary":["Supplementing"],"title":"EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union: Iran","type":"DEA - Delegated acts procedure"},"path":["procedure"],"type":"added"}],"2018-07-06T05:44:46":[{"data":{"body":"EP","date":"2018-07-04T00:00:00","type":"Vote in plenary scheduled"},"path":["activities",3],"type":"deleted"},{"data":["Awaiting committee decision","Awaiting Parliament 1st reading / single reading / budget 1st stage"],"path":["procedure","stage_reached"],"type":"changed"},{"data":["Rules of Procedure EP 105-p3"],"path":["procedure","legal_basis"],"type":"added"}],"2018-07-07T06:45:56":[{"data":{"body":"EP","date":"2018-07-04T00:00:00","type":"Decision by Parliament, 1st reading/single reading"},"path":["activities",3],"type":"added"},{"data":["Awaiting Parliament 1st reading / single reading / budget 1st stage","Awaiting committee decision"],"path":["procedure","stage_reached"],"type":"changed"}],"2018-07-13T07:32:59":[{"data":["
The European Parliament rejected, by 93 votes\nto 573 with 11 abstentions, a motion for a resolution tabled by the\nEFDD group, which objected to the Commission Delegated\nDecision of 6 June 2018 amending Annex III to Decision No\n466/2014/EU of the European Parliament and of the Council granting\nan EU guarantee to the European Investment Bank against losses\nunder financing operations supporting investment projects outside\nthe Union, as regards Iran
\nIn support of their objection, Members behind\nthe motion for a resolution argued that the entry into force of the\ndelegated decision would expose the European Union to a significant\nfinancial risk, particularly as Iran is currently listed among the\nhigh-risk third countries with strategic Anti-Money Laundering and\nCombating the Financing of Terrorism (AML-CFT)\ndeficiencies.
\nMembers emphasised that Iran remains a\nsignificant state sponsor of terrorism, is a Prohibited\nJurisdiction on the EIBs list of Non-Compliant Jurisdictions,\nthat granting the EIB the ability to lend to Iran in breach of US\nsanctions is likely to undermine investor confidence in the EIB,\nthat lending to Iran would make it more difficult for the EIB to\nraise money on the international financial markets and restrict the\nability of the EIB to use the US dollar payments system.
\nAccordingly, Members concerned believed it was\nlikely that the EIB would default on its financial obligations to\npay investors and creditors in foreign currency, which would in\nturn trigger the general default provisions contained in other EIB\nfinancing arrangements.
\nThey considered that approval of the delegated\ndecision at this time is likely to lead to a political and\ndiplomatic backlash from the United States. The EIB and the\nEuropean Union could be subject to retaliatory action by the US\nauthorities.
\nThe motion for a resolution stressed\nIrans human rights violations, and its consistent violations\nof its international obligations regarding its nuclear deterrent\nand its aggressive foreign policy that undermines the peace and\nsecurity of the Middle East.
\nMembers in question felt that the EU should at\nleast wait and see what the political and practical outcome of the\nUS sanctions being reintroduced will be, before taking any further\ndecisions on this issue. They considered that it would be imprudent\nto grant the EU guarantee for EIB lending in Iran without carrying\nout a comprehensive risk assessment on potential consequences for\nthe EIBs borrowing and lending within its statutory\nmission.
\nThe European Parliament rejected, by 93 votes\nto 573 with 11 abstentions, a motion for a resolution tabled by the\nEFDD group, which objected to the Commission Delegated\nDecision of 6 June 2018 amending Annex III to Decision No\n466/2014/EU of the European Parliament and of the Council granting\nan EU guarantee to the European Investment Bank against losses\nunder financing operations supporting investment projects outside\nthe Union, as regards Iran
\nIn support of their objection, Members behind\nthe motion for a resolution argued that the entry into force of the\ndelegated decision would expose the European Union to a significant\nfinancial risk, particularly as Iran is currently listed among the\nhigh-risk third countries with strategic Anti-Money Laundering and\nCombating the Financing of Terrorism (AML-CFT)\ndeficiencies.
\nMembers emphasised that Iran remains a\nsignificant state sponsor of terrorism, is a Prohibited\nJurisdiction on the EIBs list of Non-Compliant Jurisdictions,\nthat granting the EIB the ability to lend to Iran in breach of US\nsanctions is likely to undermine investor confidence in the EIB,\nthat lending to Iran would make it more difficult for the EIB to\nraise money on the international financial markets and restrict the\nability of the EIB to use the US dollar payments system.
\nAccordingly, Members concerned believed it was\nlikely that the EIB would default on its financial obligations to\npay investors and creditors in foreign currency, which would in\nturn trigger the general default provisions contained in other EIB\nfinancing arrangements.
\nThey considered that approval of the delegated\ndecision at this time is likely to lead to a political and\ndiplomatic backlash from the United States. The EIB and the\nEuropean Union could be subject to retaliatory action by the US\nauthorities.
\nThe motion for a resolution stressed\nIrans human rights violations, and its consistent violations\nof its international obligations regarding its nuclear deterrent\nand its aggressive foreign policy that undermines the peace and\nsecurity of the Middle East.
\nMembers in question felt that the EU should at\nleast wait and see what the political and practical outcome of the\nUS sanctions being reintroduced will be, before taking any further\ndecisions on this issue. They considered that it would be imprudent\nto grant the EU guarantee for EIB lending in Iran without carrying\nout a comprehensive risk assessment on potential consequences for\nthe EIBs borrowing and lending within its statutory\nmission.
\n