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Sanctions Profile: United States
At a glance
Initial Imposition of EU sanctions & Subsequent Amendments
These sanctions are relatively unique in that they are not imposed against the USA, per se, but rather to protect EU individuals and businesses from the extra-territorial effect of US laws regarding carrying out business in Iran, Libya and Cuba.
The measures began in 1996 and empowered Member States to take measures to protect the interests of the relevant individuals and businesses.
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UK updates regs criminalising breach of EU Blocking Statute
On 1 February 2019, the Extraterritorial US Legislation (Sanctions against Cuba, Iran and Libya) (Protection of Trading Interests) (Amendment) Order 2018 (SI 2018/1357) came into force. This UK Order ensures that UK criminal offences extend to conduct by UK nationals and entities within the scope of the amended Blocking Statute (on which see previous blog).
Iran
United States
Initial ICJ hearing in Iran’s sanctions case against USA
We reported last month that Iran has brought proceedings against the USA in the International Court of Justice (ICJ) in the Hague over the 8 May US decision to withdraw from the JCPOA and reimpose sanctions on Iran. See Iran’s application and ICJ press release. Iran’s claim is that the US reimposition of sanctions violates […]
Updated EU Blocking Statute: legal provisions, authorisation criteria & guidance
The updated EU Blocking Statute came into force today (7 August 2018), see Commission Delegated Regulation (EU) 2018/1100 amending Council Regulation (EC) No 2271/96. The Blocking Statute allows EU operators to recover damages arising from the extra-territorial sanctions within its scope from the persons causing them and nullifies the effect in the EU of any […]
Updated EU Blocking Statute in force tomorrow
The European Commission announced today that the updated EU Blocking Statute (see previous blog) will enter into force on 7 August 2018 (tomorrow), in response to the re-imposition of US sanctions on Iran. They have also issued a document explaining its effect (EU Commission Q&As) which states that: The Blocking Statute aims at countering the effects […]
Turkey responds to US measures
We reported last week that the US had added Turkey’s Minister of Justice Abdulhamit Gul and Minister of Interior Suleyman Soylu to its Global Magnitsky sanctions list (Executive Order 13818) over the “leading roles” they played in the arrest and detention of US Pastor Andrew Brunson. In response, Turkey’s President Recep Tayyip Erdogan announced on […]