Shearman Logo

balance scale

Jan 10, 2012

US Ratchets up Economic Sanctions Targeting Iran’s Central Bank and Its Crude Oil Exports

Subscribe

Jump to...

 
On New Year’s Eve, President Obama signed the annual defense authorization bill. Buried deep within this massive legislation were new restrictive sanctions against Iran’s financial structure. These new sanctions not only seek to ban Iran’s central bank from the US financial system but also seek to force anyone (including the central banks of other foreign countries) to choose between maintaining ties with the US financial system or doing business with Iran.

View full memo, "US Ratchets up Economic Sanctions Targeting Iran’s Central Bank and Its Crude Oil Exports"

Authors and Contributors

Stephen Fishbein

Partner

Litigation

+1 212 848 4424

+1 212 848 4424

New York

Bradley K. Sabel

Of Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 8410

+1 212 848 8410

New York

Philip Urofsky

Partner

Litigation

+1 202 508 8060

+1 202 508 8060

Washington DC

Danforth Newcomb

Of Counsel

Litigation

+1 212 848 4184

+1 212 848 4184

New York