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US sanctions on Iran: 2012 year in review
- Steptoe & Johnson LLP
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- Iran, USA
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- February 25 2013
The United States first imposed sanctions against Iran in 1979, and established the current Iran sanctions framework in the mid-1990s with the
Implementation of enhanced EU sanctions targeting Iran
- Steptoe & Johnson LLP
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- European Union, Iran
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- January 3 2013
On December 21, 2012, the Council of the European Union adopted two regulations enhancing the EU Iran sanctions. Although the EU sanctions still stop
Congress sets stage for expanded sanctions against Iran under the National Defense Authorization Act for Fiscal Year 2013
- Steptoe & Johnson LLP
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- Iran, USA
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- January 3 2013
On January 2, 2013, President Obama signed the National Defense Authorization Act for Fiscal Year 2013 (NDAA 2013) (H.R. 4310) expanding US
Foreign subsidiaries of US corporations now fully subject to Iranian sanctions
- Steptoe & Johnson LLP
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- Iran, USA
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- October 12 2012
On October 9, 2012, the President issued a new Executive Order, EO 13628, “Authorizing the Implementation of Certain Sanctions Set Forth in the Iran Threat Reduction and Syria Human Rights Act of 2012 and Additional Sanctions with Respect to Iran.”
United States imposes additional sanctions against Iran, targets Iranian entities circumventing international sanctions
- Steptoe & Johnson LLP
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- Iran, USA
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- July 19 2012
On July 12, 2012, the US Department of the Treasury, Office of Foreign Assets Control (OFAC), announced the designation of more than 50 foreign entities involved in the Iranian shipping, procurement, petroleum, and financial networks
Targeting foreign evaders of Iran and Syria sanctions
- Steptoe & Johnson LLP
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- Iran, Syria, USA
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- May 7 2012
On May 1, 2012, President Obama issued Executive Order 13608 "Prohibiting Certain Transactions and Suspending Entry into the United States of Foreign Sanctions Evaders with Respect to Iran and Syria" (Foreign Sanctions Evaders E.O
Interpreting sanctions for privacy abuses in Syria, Iran
- Steptoe & Johnson LLP
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- Iran, Syria, USA
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- April 27 2012
On April 22, 2012, President Obama issued an executive order authorizing new sanctions on individuals and entities that operate or provide information technology that facilitates the perpetration of human rights abuses by the Syrian and Iranian governments
EU implements enhanced sanctions against Iran and the Syrian regime
- Steptoe & Johnson LLP
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- European Union, Iran, Syria
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- March 30 2012
On March 23, 2012, the Foreign Affairs Council of the European Union (Council) adopted new and expanded measures against Iran
EU decision leads to swift disconnect of Iranian financial institutions
- Steptoe & Johnson LLP
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- European Union, Iran
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- March 20 2012
On March 15, 2012, the Council of the European Union (Council) adopted Council Decision 2012152CFSP (amending Decision 2010413CFSP
OFAC issues new Iranian financial sanctions regulations
- Steptoe & Johnson LLP
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- Iran, USA
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- August 26 2010
On August 16, 2010, the US Department of the Treasury, Office of Foreign Assets Control (OFAC), published as a final rule the Iran Financial Sanctions Regulations (IFSR), 75 Fed. Reg. 49,836, which impose new conditions and prohibitions targeting non-US financial institutions that conduct business or transactions with the Government of Iran (GOI
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