European Union, Iran, Syria - October 17 2012 The Council of the European Union (“EU”) decided on Monday, October 15, 2012 to intensify political pressure on the governments of Iran and Syria by strengthening existing measures as well as adopting further new sanctions.
USA - August 15 2012 On Friday, August 10, 2012, President Obama signed a law significantly expanding existing economic sanctions against Iran.
USA - July 27 2012 Recently, United Technologies Corporation (“UTC”), an international aerospace and building systems company headquartered in Hartford, Connecticut, entered into a global settlement with the US Departments of Justice and State to resolve criminal and civil charges that the company and several affiliates violated US defense trade control requirements involving a wide array of activities that occurred over the previous twelve years.
European Union, Syria - July 25 2012 In light of the escalating violence and the further militarisation of the conflict in Syria, the European Union (EU) further reinforced its economic sanctions against Syria.
Myanmar, USA - July 13 2012 On July 11, 2012, in conjunction with a statement by President Obama describing a revised U.S. policy toward Burma (also known as "Myanmar"), the U.S. Treasury Department’s Office of Foreign Assets Control announced definitive steps to ease longstanding economic sanctions against that country and to permit, subject to certain limitations and requirements, new U.S. investment and financial activity there.