Iran Sanctions: What is Prohibited or Licensable for EU Businesses?

January 19, 2016

Despite the easing of sanctions on Iran on 16 January under the Joint Comprehensive Programme of Action (JCPOA), some prohibitions and licensing requirements continue to apply to EU businesses. These are summarised below, together with an outline of the work of the ‘Procurement Channel’ established to consider certain proposed transfers.

This does not address the remaining restrictions on non-U.S. persons imposed by the U.S. authorities, which EU businesses must continue to take into account.

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