THE JOURNAL OF EXPORT CONTROLS AND SANCTIONS

NEWS

US reimposes Iran sanctions; EU reactivates Blocking Regulation

August, 2018

Sanctions and Blocking Regulation follow the US withdrawal from the JCPOA.

The US has re-imposed certain sanctions on Iran lifted under the 2016 Joint Comprehensive Plan of Action (‘JCPOA’). President Trump issued an executive order re-imposing these sanctions from 7 August following the expiry of the first 90-day ‘wind-down’ period after his 8 May announcement that the US was pulling out of the nuclear deal. Other sanctions will be re-imposed following the expiry of the second 180-day ‘wind-down’ period on 4 November. Sanctions re-imposed from 7 August include those concerning: The purchase or acquisition of US dollar banknotes by the Iranian government; Iran’s trade in gold or precious metals; The sale,...

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