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IranSanctions.jpgThe United States and European nations have changed certain conditions of the oil and financial sanctions on Iran and released roughly $100 billion of its assets after international inspectors concluded that the country had followed through on promises to dismantle large sections of its nuclear program.  The changes are mostly financial related and the majority of them are for companies outside of the USA that may be a subsidiary of a US company.  This is not an indication that it is acceptable for a U.S. Company to do business in Iran. You should consult an attorney before considering trade with Iran to ensure you can comply with any regulations.

"Relations between Iran and the IAEA now enter a new phase. It is an important day for the international community. I congratulate all those who helped make it a reality," said Director General Yukiyo Amano of the International Atomic Energy Agency.

To read more on Iran Sanctions Lifted:  http://www.alston.com/advisories/iran-sanctions-relief/

Share: https://compliance.jas.com/ComplianceBlog/Blog91/Iran-Complies-with-Nuclear-Deal-Sanctions-are-Lifted

 

 

 

 

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