From convergence to divergence – US sanctions on Iran force EU to act

Zia Ullah (+44 161 831 8454, ziaullah@eversheds-sutherland.com), James Lindop (+44 207 919 4718, jameslindop@eversheds-sutherland.com) and Mark D. Herlach (+1 202 383 0172, markherlach@eversheds-sutherland.com) are partners and Victoria Turner (+44 161 831 8718, victoriaturner@eversheds-sutherland.com) a senior associate at Eversheds Sutheland.

The United States re-imposed a first tranche of sanctions on Iran on 7 August. Zia Ullah, James Lindop, Mark Herlach and Victoria Turner of Eversheds Sutherland identify specific pinch points for non-US financial institutions in both the US measures and the European Union’s response.