Iran sanctions lifted

Pompeo said eight nations will receive temporary waivers allowing them to continue to import Iranian petroleum products as they move to end such imports entirely. He said those countries, which other officials said would include U.S. allies such as Turkey, Italy, India, Japan and South Korea, had made efforts to eliminate their imports but could not complete the task by Monday. … [Read more...] about US Restores Iran Sanctions Lifted Under Obama Nuclear Deal

On 16 January 2016, the United States and the EU lifted certain sanctions against Iran in compliance with the Joint Comprehensive Plan of Action (JCPOA) agreed among Iran, China, France, Germany, the Russian Federation, the United Kingdom and the United States. January 16, 2016 was the day on which the International Atomic Energy Agency (IAEA) certified that Iran had met certain milestones set forth in the JCPOA toward dismantling the military aspects of its nuclear program. On the same day, the United States and the EU announced the lifting of sanctions consistent with the announcement of Implementation Day. … [Read more...] about US and EU Iran Sanctions Lifted: How to Proceed in Aviation Sector?

We have told the Indians consistently, as we have told every nation, that on November 4th the sanctions with respect to Iranian crude oil will be enforced, and that we will consider waivers where appropriate, but that it is our expectation that the purchases of Iranian crude oil will go to zero from every country, or sanctions will be imposed. So we’ll work with the Indians. We committed that we would do that. Many countries are in a place where they – it takes a little bit of time to unwind, and we’ll work with them, I am sure, to find an outcome that makes sense. … [Read more...] about U.S. Grants Iran Sanctions Waivers to China, India, South Korea, Japan

Then what has changed? Prior to Implementation day, the Iran Threat Reduction and Syria Human Rights Act of 2012 (ITRA), as further incorporated into the ITSR, imposed liability on U.S. companies for the Iran-related business of entities they own or "control."* Collectively, the Iran sanctions legislation effectively closed the so-called “subsidiary loophole” that permitted foreign subsidiaries to engage in business with Iran, so long as their U.S. parent corporations were not involved.  … [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