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ARTICLE · 07 MARCH 2025

Weekly Sanctions Update: March 3, 2025

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The Sanctions Update is compiled by Steptoe's International Trade and Regulatory Compliance team and Steptoe's Strategic Risk team. You can subscribe to receive the Sanctions Update every week through Steptoe's International Compliance Blog and Stepwise Risk Outlook publication home pages

United StatesInternational Law
Evan T. Abrams
Evan T. Abrams
Meredith Rathbone
Meredith Rathbone
Karl Hopkins
Karl Hopkins
Guy Soussan
Guy Soussan
Alexandra Melia
Alexandra Melia
Darryl Nirenberg
Darryl Nirenberg
Quentin Johnson
Quentin Johnson
Elli Zachari
Elli Zachari
Elliot Letts
Elliot Letts
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The Sanctions Update is compiled by Steptoe's International Trade and Regulatory Compliance team and Steptoe's Strategic Risk team. You can subscribe to receive the Sanctions Update every week through Steptoe's International Compliance Blog and Stepwise Risk Outlook publication home pages.

For more information or advice on any of the developments discussed below, please contact a member of our sanctions team here.

US Developments

US Issues New Sanctions in "Maximum Pressure" Campaign Against Iran

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has introduced more Iran-related sanctions under President Trump's "maximum pressure" campaign, outlined in his recently issued National Security Presidential Memorandum 2 (NSPM-2). The sanctions suggest OFAC intends to be active in ramping up sanctions pressure on Iran under the new administration.

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