Increased US Sanctions on Iran
January 17, 2020
Posted in Sanctions and export controls
The US sanctions space is very active and changes are made frequently. This publication is current as of January 17, 2020.
On January 10, 2020, the US significantly increased sanctions on or related to Iran by:
- authorizing sanctions against Iranian sectors that previously had not been specifically targeted, namely the construction, mining, manufacturing and textile sectors (New Sectors);
- designating certain Iranian regime officials;
- designating Iran’s largest companies operating in the steel, iron, aluminum, and copper sectors of Iran; and
- designating non-Iranian entities for trade in Iranian metals.
The above actions may have important implications for both US and non-US persons engaging in any activity that involves Iran, but also in any activity that involves any of the designated targets (which, as discussed in the full publication, are not all Iranian).
