On March 8, 2024, the Minister of Foreign Affairs announced further amendments to the Special Economic Measures (Iran) Regulations (the “Regulations”). These amendments list an additional two individuals in Schedule 1 of the Regulations. The announcement was released on International Women’s Day, signalling Canada’s focus on targeting human rights violations of women and girls. The sanctioned individuals are Masoud Dorosti, the Chief Executive of the Tehran metro system, and Zohreh Elahian, a senior parliamentarian in…
The UK, France and Germany (the European signatories to the Joint Collective Plan of Action (“JCPOA”) nuclear deal with Iran in 2015, referred to as the “E3”) have decided to retain certain sanctions previously imposed upon Iran. The press release published by the E3 announcing this decision is available here. The JCPOA was agreed in 2015 between the E3/EU+3 (China, France, Germany, the Russian Federation, the United Kingdom and the United States, with the EU’s…
Just before the holidays, President Biden signed two bills passed in the final days of the last Congress that contain a number of provisions with implications for sanctions, export controls, and supply chain restrictions: On December 23, 2022, President Biden signed into law the National Defense Authorization Act (“NDAA”) for Fiscal Year 2023 (P.L. 117-263). The measure includes a number of provisions relating to US export controls, sanctions, and related subjects, including additional sanctions targeting…
Effective October 28, 2022, Canada implemented additional sanctions against Iran due to its “ongoing gross and systematic human rights violations and continued actions to destabilize regional peace and security.” An additional four individuals and two entities have been listed under Schedule 1 of the Special Economic Measures (Iran) Regulations (the “Regulations”). Generally speaking, listing under Schedule 1 of the Regulations imposes a dealings prohibition, effectively an asset freeze, against the listed person. Any person in…