New U.S. and EU sanctions against Iran
17 October 2012Economic Sanctions Alert
On 9 October 2012, the President issued Executive Order 13628 (the “Executive Order”) implementing certain provisions of the Iran Threat Reduction and Syria Human Rights Act of 2012 (the “Act”). The Act was signed into law by the President on 10 August 2012 as described in our 13 August 2012 client alert. In addition, on 15 October 2012, the Council of the European Union (EU) took measures that will significantly expand the EU sanctions against both Iran and Syria.