31 January 2012
In January, the EU passed a raft of new restrictive measures against both Syria and Iran, which will have a significant impact on already strained business and trading relations with both countries.
As has been reported widely, the new sanctions against Iran are intended to exert further pressure in relation to its nuclear programme, whereas the sanctions against Syria are principally targeted at those responsible for the violent repression of the civilian population. While the new sanctions are designed to achieve different political objectives, the broad range of sanctions now in place against both countries imposes similar compliance challenges.
In this briefing we summarise the principal features of the new measures. As the political climate continues to develop and sanctions imposed are ever more complex, businesses in Europe that have connections with either country need to consider the new measures carefully and seek advice as appropriate.