What are secondary sanctions?
Secondary sanctions apply to non-U.S. persons for wholly non-U.S. conduct that occurs entirely outside U.S. jurisdiction. Compare this to primary sanctions, which prohibit U.S. persons from engaging in specified activities with certain countries, entities, and persons. (more…)
Iran is a market of 90 million with a young population. In addition to agricultural products, medicine and medical devices, the U.S. Government has opened up certain Iranian industries to U.S. businesses and foreign entities owned and controlled by U. S. parties can now do business with Iran. However, there are still restrictions not allowing the the involvement of U.S. parties. There are two things you need to do. (more…)
On August 7, 2015, the U.S. Government issued a revised Guidance regarding Iran and also issued a Third Amended Statement of Licensing Policy on Activities Related to the Safety of Iran’s Civil Aviation Industry. The bottom line is that the U.S. Government will continue to temporarily suspend certain sanctions listed below. However, most of these suspensions involve non-U.S. Persons. If you are a U.S. Person you can continue to use the AG/Med exception to sell agricultural and medical products and devices to Iran. Or, you can apply for a special license to potentially export to Iran. The revised regulations open up licensing for U.S. Persons in the aviation industry. (more…)
Iran entered into a historic nuclear agreement with the U.S. and other world powers on July 14th 2015. The agreement will allow the licensing of the export, re-export, sale, lease or transfer to Iran of commercial passenger aircraft for commercial and civil aviation use. The deal also grants the export of spare parts and components for commercial passenger aircraft. It is reported that Iran is looking to replace hundreds of commercial aircraft. (more…)