US imposes new sanctions against Iran whilst continuing JCPOA

On 18 July 2017, the United States imposed new sanctions on Iran in a response to – what is referred to as – “continued Iranian threats”. The Administration has designated 18 entities and individuals supporting Iran’s ballistic missile program and Iran’s military procurement, Iran’s Islamic Revolutionary Guard Corps (IRGC) and  sponsorship of terrorism, pursuant to Executive Order (E.O.) 13382 (which targets proliferators of weapons of mass destruction and their means of delivery and supporters of such activity) and (E.O.) 13581 (which targets transnational criminal organizations). The new sanctions follows the certification by the Trump administration that Iran continues to meet the required conditions of its nuclear deal under the JCPOA. Allegedly the certification was grudging because of the aforementioned “threats”. In an attempt to increase pressure on Iran, whilst keeping intact the JCPOA, Trump’s administration has now targeted 18 entities and individuals supporting Iran’s ballistic missile program and for supporting Iran’s military procurement or Iran’s Islamic Revolutionary Guard Corps (IRGC), as well as an Iran-based transnational criminal organization and associated persons. Among the targeted persons and entities are a Turkish manufacturer of ships and spare parts and a Chinese electronics company. The official press statement can be found here.

B&A Law advises many companies interested in or doing business in Iran. Should you wish to have more information on the possibilities of doing business in Iran and understanding what is allowed and what is not, please contact us at or at +31 (0)20 708 9444.

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