U.S. Government Imposes New Sanctions against Iran

27 June 2013
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  • In the past month, President Obama and the U.S. Treasury Department each took steps to intensify the economic and trade sanctions maintained by the United States against Iran.
  • The latest actions target, in particular, the Iranian petrochemical, automobile, energy, shipping, precious and other metals, and airline sectors as well as entities, wherever located, that do business with those sectors.
  • Firms, whether based in the United States or abroad, may wish to ensure that their compliance programs are updated in accordance with these latest changes.