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ARTICLE · 14 JANUARY 2020

President Trump Signs Executive Order Imposing Additional Sanctions On Iran

Hogan Lovells Cadwalader
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President Donald J. Trump signed an Executive Order to counter Iran's "malign influence." The Order targeted Iran's support for terrorism and its pursuit of nuclear and intercontinental ballistic

United StatesAccounting and Audit

President Donald J. Trump signed an Executive Order to counter Iran's "malign influence." The Order targeted Iran's support for terrorism and its pursuit of nuclear and intercontinental ballistic weapons.

According to the White House, the Executive Order ("Imposing Sanctions with Respect to Additional Sectors of Iran") aims to deny the Iranian government revenues that are used to support its "nuclear program, missile development, terrorism and terrorist proxy networks, and malign regional influence." This includes revenues that may be gained from specified "key sectors" of the Iranian economy, namely (i) construction, (ii) mining, (iii) manufacturing and (iv) textiles.

The Executive Order authorizes secondary sanctions against individuals or companies anywhere in the world who operate in these sectors, or who engage in one or more "significant transactions" in connection with these areas of the Iranian economy (or any others identified by the Secretary of the

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