The US Department of Justice (DOJ) announced the convictions of Alexander Posobilov, Shavkat Abdullaev and Anastasia Diatlova for conspiring to export, and illegally exporting, controlled microelectronics to Russia in violation of the International Emergency Economic Powers Act (IEEPA) and the Arms Export Control Act (AECA). Separately, the DOJ also announced the sentencing of Mozaffar Khazaee … Continue Reading
Adoption Day of the JCPOA occurred on 18 October 2015. On Adoption Day, the US took a number of steps to prepare for the implementation of its JCPOA obligations, including the US State Department’s issuance of waivers of certain statutory sanctions contingent on the JCPOA’s Implementation Day. Further information on Adoption Day can be found … Continue Reading
On 18 October 2015, the Parties to the Joint Comprehensive Plan of Action (JCPOA) welcomed the Adoption Day of Agreement related to the Iranian nuclear programme, where Iran will now start implementing all of its nuclear-related commitments. Meanwhile, the EU adopted the legislative framework to lift all of its nuclear-related economic and financial sanctions, which … Continue Reading
Switzerland’s Federal Council followed suit in easing its sanctions policy against Iran, demonstrating “its support for the implementation of the nuclear agreement and its interest in deepening bilateral relations with Iran”. It aligned its existing sanctions regime to the EU rules, including renewing the sanctions suspensions targeting precious metals and petrochemical products. See press release.… Continue Reading
On 2 September, the UK Foreign & Commonwealth Office updated its FAQs on conducting business with Iran further to the adoption of the JCPOA. In particular, the FAQs address the potential impact of the deal for businesses and the support which the UK government will provide to businesses seeking opportunities in Iran. Per a British … Continue Reading
In order to assist organisations operating within the EU sanctions regime concerning Iran, the French Ministère des Finances issued guidance that includes a comprehensive table detailing that the Iran sanctions will gradually phase out from the Implementation Date. The ministry notes however that existing sanctions remain unchanged until then.… Continue Reading
Following the Joint Comprehensive Plan of Action (JCPOA) (reported in our previous blog post) the EU adopted the first legal acts implementing the sanctions relief, permitting shipment of certain nuclear-related equipment out of Iran and the modification of certain nuclear plants in Iran, along with the activities to enable Iran to satisfy certain commitments in … Continue Reading
On Tuesday, 14 July 2015, the E3/EU+3 (China, France, Germany, the Russian Federation, the United Kingdom and the United States, with the High Representative of the European Union for Foreign Affairs and Security Policy) and the Islamic Republic of Iran agreed to a Joint Comprehensive Plan of Action (JCPOA). Under the JCPOA, Iran agreed to … Continue Reading
