In response to mounting concerns about Iran’s nuclear ambitions, the United States Government has recently implemented a number of broad, extraterritorial sanctions targeting two related pressure points: Iran’s petroleum and petrochemical industry as well as Iran’s connection to global financial markets. Iran’s energy sector is widely viewed as the regime’s financial lifeline, and the “potential connection between Iran’s revenues derived from its energy sector and the funding of Iran’s proliferation-sensitive nuclear activities” was recognized in United Nations Security Council Resolution 1929.
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Expanding US sanctions against Iran present growing risks and challenges for US and non-US companies
- Latham & Watkins LLP
- William M. McGlone, Erin M. Brown, Les P. Carnegie, Matthew L. Kutcher, Annie E. Simpson and Meghan M. Hansen
- Iran, USA
- March 1 2012
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