On October 18, 2015, both the United States and the European Union took action to prepare for future changes to sanctions policy which will be effective upon IAEA verification of Iran’s commitments under the Joint Comprehensive Plan of Action (JCPOA). This was a required step under the JCPOA, termed “Adoption…
Articles Posted in EU Sanctions
Key Issues to Watch as Iran Deal Clears Congressional Hurdle
Under the terms of the Iran Nuclear Agreement Review Act, Congress had until September 18 to reject President Obama’s promised sanctions relief for Iran agreed to under the Joint Comprehensive Plan of Action (JCPOA). Although the House of Representatives voted to reject the deal, Senate Democrats blocked debate on a…
EU sanctions against Russia extended to 31 January 2016; additional sanctions planned
On 19 June, the European Council extended EU sanctions against Russia pursuant to Council Decision (CFSP 2015/959). This follows a series of increasingly coordinated actions by the US and EU, such as the joint statement produced at the G7 meeting two weeks ago, to show a united front against continued…
Event Recap – Iran Sanctions, Investment and Trade: Preparing for Divergent Outcomes
On Tuesday, June 8 in Pillsbury’s London office, Pillsbury and the Eurasia Group hosted the first event in their Sanctions & Market Opportunities Series entitled “Iran Sanctions, Investment and Trade: Preparing for Divergent Outcomes.” During the event, panelists discussed the likelihood for a final agreement related to Iran’s nuclear program…
EU and US Leaders Commit To Russian Sanctions at G7 Summit
The leaders of the G7 met for two days of discussions in Elmau, Southern Germany on 7 and 8 June 2015. High on the agenda was the issue of Russian targeted EU and US sanctions over Moscow’s role in support of Ukrainian rebels. Russia has already been excluded from what…
EU Leaders Commit to the Continued Implementation of Restrictive Measures Against Russia
The 17th EU-Ukraine summit took place in Kyiv, Ukraine on 27 April 2015, being the first summit taking place under the framework of the Association Agreement, the treaty between the EU and Ukraine that establishes a political and economic association between the parties. The summit was an opportunity for the…
Switzerland Extends Measures to Prevent EU Sanctions Circumvention
On March 6, 2015, Switzerland extended its measures to prevent the circumvention of sanctions issued by the EU. These correspond to the measures introduced by the EU in December 2014. Switzerland has prohibited all foreign investment in Crimea and Sevastopol. There is a ban on services in several economic sectors,…