Over the course of the past month, the United States has announced a number of significant new measures that expand US sanctions against Iran. What is significant about these new measures is that they explicitly target certain activities of non-US companies as well as US companies.

Businesses on both sides of the Atlantic therefore need to be up-to-speed with the new measures and the implications on their commercial activities.

Senate Bill

At the beginning of this week, the US Senate approved a new package of sanctions on Iran (the Bill). The Bill now needs to be reconciled with the House of Representatives before it is signed into law by President Obama.