3. Sanctions

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U.S. Renews Iran Sanctions: Divide with Allies Deepens as EU updates Blocking Statute

President Trump’s decision to reimpose U.S. sanctions, after pulling-out of the Iran Nuclear Deal (JCPOA) has deepened the divide with the EU. On 07 August 2018, the EU announced that its blocking statute entered into force. Anyone already in the Iranian market or thinking of entering it, must take note that the global trade compliance risks have increased significantly. Time will tell whether both moves are wise.