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ARTICLE · 15 DECEMBER 2011

Expanded U.S. Sanctions Will Affect Companies Doing Business In Iran

Cozen O'Connor
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On November 21, in response to a report by the International Atomic Energy Agency on Iran’s nuclear program, the United States announced a series of actions designed to increase pressure on the Islamic Republic of Iran to forego its nuclear aspirations.

United StatesInternational Law
Don Kassilke
Don Kassilke

On November 21, in response to a report by the International Atomic Energy Agency on Iran's nuclear program, the United States announced a series of actions designed to increase pressure on the Islamic Republic of Iran to forego its nuclear aspirations. These actions include expanding sanctions against foreign entities transacting business with Iran's petroleum and petrochemical sectors and identifying Iran as a "primary money laundering concern." These are discussed in greater detail below. Additionally, the United States designated several Iranian entities as Specially Designated Nationals (SDNs) for their role in facilitating Iran's pursuit of weapons of mass destruction.

Executive Order 13590

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