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Implementation Day – Iran Sanctions Relief Now Effective
19 January 2016
View Client Update
Sanctions relief under the Iran nuclear deal took effect on January 16, 2016.
The U.S. has suspended most secondary sanctions applicable to non-U.S. companies dealing with Iran, authorized non-U.S. entities owned or controlled by a U.S. person to transact most business with Iran, and removed many entities from U.S. sanctions lists.
The EU has terminated the majority of the restrictions on trade and finance transactions with Iran.
Despite these changes, important restrictions remain in effect, and firms seeking to do business with Iran should proceed with care.
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