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New U.S. Sanctions Against Sectors of Iran’s Economy and European Trigger of the JCPOA Dispute Resolution Mechanism

Alert January 15, 2020

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  • New US Sanctions Against Sectors of Irans Economy and European Trigger of the JCPOA Dispute Resolution Mechanism

New U.S. Sanctions Against Sectors of Iran’s Economy and European Trigger of the JCPOA Dispute Resolution Mechanism

January 15, 2020, Covington Alert

On January 10, 2020, President Trump issued a new Executive Order (“January 10 Executive Order”) that provides authority for the imposition of sanctions with respect to certain additional sectors of Iran’s economy, including Iran’s construction, mining, manufacturing, and textiles sectors. The January 10 Executive Order introduces both property-blocking sanctions and secondary sanctions in relation to the newly targeted sectors of Iran’s economy.

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