By Maya Lester KC & Michael O’Kane

German, UAE & Iranian entities US listed for operating in Iran metal sector

OFAC has designated 8 companies pursuant to E.O. 13871, which imposes sanctions on the iron, steel, aluminum, and copper sectors in Iran. 5 of those listed are subsidiaries of Mobarakeh Steel Company, Iran’s largest steel manufacturer, which was designated in 2018 pursuant to counter-terrorism authorities for supporting Iran’s paramilitary Basij force (see post). The subsidiaries are Tara Steel Trading, a …

IranIran United StatesUnited States

About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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