US renews legal basis for sanctions against Iran
On 12 March 2019, the US renewed the legal basis for its sanctions against Iran.
Technically, the renewal was done by the US President continuing the national emergency that was declared with respect to Iran in Executive Order 12957 (as amended), see White House Notice. This national emergency was first declared in 1995, "to deal with the unusual and extraordinary threat to the national security, foreign policy, and economy of the United States constituted by the actions and policies of the Government of Iran".
All nuclear-related US sanctions against Iran were re-imposed in August 2018, after the US unilaterally ceased its participation in the Iranian nuclear agreement (JCPOA) in May 2018.
The renewal of sanctions lasts for 1 year from 15 March 2019.
WR Sanctions Alerts provide you with updates on material developments in the country-specific sanctions programs implemented by the US, the UN, the UK, the EU and Norway. We will not provide updates on mere prolongations, without material changes, of existing sanctions programs, nor on any listings or de-listings of individuals/entities placed on implemented sanctions lists . Please note that the WR Sanctions Alerts are provided as general information and do not constitute legal advice.