On January 10, 2020, the United States (US) imposed economic sanctions on:
- Iranian sectors that previously had not been specifically targeted, namely the construction, mining, manufacturing and textile sectors;
- Certain Iranian regime officials;
- Iran’s largest companies operating in the steel, iron, aluminum, and copper sectors ; and
- Non-Iranian entities for trade in Iranian metals.
Norton Rose Fulbright has prepared a legal update that discusses the implications for both US and non-US persons engaging in any activity that involves Iran, and also activity that involves any of the designated targets.
The Legal Update was written by:
Jeffrey Cottle, a partner in the Norton Rose Fulbright London and Washington, DC offices
Stefan Reisinger, a partner in the Norton Rose Fulbright Washington, DC office
Kimberly Hope Caine, a partner in the Norton Rose Fulbright Washington, DC office
Katie McDougall, Counsel in the Norton Rose Fulbright London office
Wenda Tang, an associate in the Norton Rose Fulbright Washington, DC office
Our previous post on the re-imposition of Iranian sanctions in November 2018 can be accessed here.