President Trump issued a new executive order (the EO) on September 21st that greatly expands the U.S. sanctions against North Korea, particularly secondary sanctions. Secondary sanctions apply to non-U.S. individuals and corporations and are imposed by the U.S. Secretary of the Treasury, in consultation with the U.S. Secretary of State. The EO establishes the following: … Continue Reading
On July 1, 2010, President Barack Obama, preceded by Congressional voting signaling overwhelming support, signed into law the Comprehensive Iran Sanctions Accountability and Divestment Act (“Act”). The Act is an effort by the United States to hinder what appears to be Iran’s intent to develop nuclear weapons. Action by the United States comes at a … Continue Reading
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 … Continue Reading
This post was also written by Anne Borkovic. The United States Congress is currently considering legislation that would increase the scope and application of the U.S. sanctions against Iran: The Comprehensive Iran Sanctions, Accountability and Divestment Act of 2009 (S. 2799) and the Iran Refined Petroleum Sanctions Act of 2009 (H.R. 2194). These changes could significantly … Continue Reading