Outside Publication

EU Blocking Statute and US Sanctions: Difficult Choices for German Companies, American Institute for Contemporary German Studies

August 20, 2018

The first batch of re-imposed US sanctions on Iran is in effect. As a countermeasure, the EU has updated its already existing Blocking Statute with measures that entered into force on August 7. Its goal is to mitigate the impact of the US sanctions on the interests of EU companies doing “legitimate business” (from the EU’s perspective) in Iran. The recently updated EU law (Regulation 96/2271) was adopted in 1996 in response to US extra-territorial sanctions legislation affecting Cuba.

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