There have been a number of fluctuating developments in the UN and EU’s approach to Iran over the past few weeks, with a further attempt to salvage negotiations in an agreement on 10 September. We set out further details herein, including consideration of the sanctions implications. Political Developments At the end of August, amid concerns regarding Tehran’s continued resistance to international nuclear oversight and Russia’s upcoming presidency of the United Nations Security Council, the E3…
The French authorities (French Treasury – Direction GĂ©nĂ©rale du TrĂ©sor) have provided an important update for operators in France regarding the renewal of licenses for the provision of intragroup services and software to Russia. Under Article 5n of Regulation (EU) 833/2014 (“EU Russia Sanctions Regulation”), the supply of certain services and software to persons established in Russia is prohibited. However, until 30 September 2024, the supply of these services and software to Russian entities owned…
Having focused on the enforcement of sanctions by the United States, United Kingdom, the European Union, and Germany in the past weeks, we continue our series with the current enforcement practice of the French authorities and the changes to be expected following the newly announced G7 Enforcement Coordination Mechanism. What are the recent sanctions enforcement trends in France? Contrary to what can be observed in the Netherlands or Germany, the French competent authorities do not…