Iran

Wind down period for Iran metals sanction ends

As the Shipowners’ Club informs, President Trump issued Executive Order 13871 (the Order) of 8 May 2019 ‘Imposing Sanctions with Respect to the Iron, Steel, Aluminum, and Copper Sectors of Iran’. The Order included a 90-day wind-down period, enabling those persons engaged in transactions to take necessary steps to avoid exposure to sanctions.

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