Clifford Chance

U.S. Treasury Department Announces New Iran Policy and Sanctions

16 October 2017

On October 13, 2017, President Trump's administration announced a shift in US policy toward Iran. President Trump stated that he would not again certify that Iran was in compliance with the JCPOA and further signalled that he is likely to terminate the 2015 nuclear deal set forth in the Joint Comprehensive Plan of Action unless Iran agrees to additional concessions. And further, the U.S. Treasury Department imposed new sanctions against Iran's Islamic Revolutionary Guard Corp and affiliated entities.

In response to the President's statement, Prime Minister Theresa May, Chancellor Angela Merkel and President Emmanuel Macron issued a joint statement confirming the EU's commitment to the JCPOA and encouraging "the US Administration and Congress to consider the implications to the security of the US and its allies before taking any steps that might undermine the JCPOA, such as re-imposing sanctions on Iran lifted under the agreement."

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