The EU has privately warned Iran that it will be forced to begin the process of withdrawing from the JCPOA in November if Iran goes ahead with its threat to take new steps away from the deal. If it does then the EU has stated its next step would be to commence the JCPOA’s dispute resolution mechanism, which can be instigated if a JCPOA participant believes that another participant is not meeting its agreed commitments.…
Following the snap-back of US sanctions on 5 November 2018, Foreign and Finance Ministers from the UK, France, Germany and the EU published a joint statement in which they expressed their “regret” at the re-imposition of sanctions on Iran by the US and also reiterated their “aim to protect European Economic operators engaged with legitimate business with Iran”. These comments suggest that the EU is determined to continue economic relations with Iran and that the…
Please join us at Baker McKenzie’s UAE sanctions roadshow on the 2nd and 3rd of October. The event is free for all to attend and topics will include: the US sanctions against Iran, EU blocking measures to prevent US sanctions compliance, and the future of the JCPOA; the latest US sanctions against Russia, the EU’s possible next moves, and Russian countermeasures; an update on the economic boycott of Qatar, and other hot topics in sanctions…
UK Foreign Secretary, Jeremy Hunt, started his three-day visit to the US last week by calling on the EU to follow the US in imposing sanctions on Russia in response to the Salisbury nerve agent attack that happened earlier this year. On 6 August 2018, the US State Department accused Russia of contravening international law by using the chemical nerve agent “Novichok” on foreign soil and, on 24 August 2018, gave notice that the US…