This post was also written by Paul Skeet and Dan Gallagher.

Introduction:

  • Recent weeks have seen the United Nations, the United States and the European Union all tightening sanctions against Iran with the aim of impeding the country’s nuclear programme.
  • As many of the new sanctions are directed particularly at Iran’s trade, transport links and banks, it is important that all those involved in international trade should be aware of them. This client alert summarises the latest developments in sanctions against Iran pursuant to the latest UN Security Council Resolution 1929 (2010) as well as under the sanctions regimes in force in the United Kingdom, United States, European Union and Switzerland.