Iran sanctions lifted

With limited exceptions, the reimposed U.S. sanctions will hit Iran as well as countries that do not stop importing Iranian oil and foreign firms that do business with blacklisted Iranian entities, including its central bank, a number of private financial institutions, and state-run port and shipping firms, as well as hundreds of individual Iranian officials. … [Read more...] about US Restores Iran Sanctions Lifted Under Obama Nuclear Deal

2. Overview of U.S. changes On 16 January 2016, the U.S. government lifted certain sanctions against Iran in compliance with the Implementation of the JCPOA. The sanctions lifted by the United States are limited to those set out in Section 17 of Annex V of the JCPOA, and relate mostly to “secondary sanctions,” meaning sanctions directed toward non-U.S. persons for specified conduct involving Iran that occurs entirely outside of U.S. jurisdiction. Most sanctions governing the conduct of U.S. persons remain in place, with a few exceptions. U.S. policy on transactions regarding aviation has also been liberalized, as outlined in Section 3 below. … [Read more...] about US and EU Iran Sanctions Lifted: How to Proceed in Aviation Sector?

Iranian oil sales are down 37 percent since President Donald Trump announced sanctions would be imposed. The disruption in the oil markets on November 5 is still expected to be the largest since Libyan production was choked off by its civil war, although the cushioning effect of increased production from other producers and the new waivers is difficult to calculate. Analysts expect Iranian exports will fall below the previous low of 1 million barrels per day achieved under pre-nuclear-deal sanctions in 2012. … [Read more...] about U.S. Grants Iran Sanctions Waivers to China, India, South Korea, Japan

The Ultimate Take Away U.S. parent companies need to carefully consider the inherent risks in deciding whether to allow their foreign subsidiaries to conduct business with Iran. If companies choose to avail themselves of General License H, strict compliance programs and analysis will be necessary in order to avoid opening the door too far and violating the law.  … [Read more...] about IRAN SANCTIONS IMPLEMENTATION DAY: Engaging in Business in Iran through Foreign Subsidiaries?

By total coincidence, a Swedish-registered black Volvo started moving “suspiciously” outside the same house. When they tried to stop the car, it sped off. This triggered a major manhunt, during which a number of roads, bridges, and ferry routes were shut down, including connections between Denmark and Sweden. It turned out that the three occupants of the Volvo had no relation to the ASMLA case, but that the Volvo was a stolen car. They were only caught because of the ASMLA case, making them “the world’s most unlucky criminals,” according to the Copenhagen police. … [Read more...] about World View: E.U. Splits on Iran Sanctions After Assassination Attempt in Denmark