Very Hard Currency

Following Washington’s May 2018 decision to leave the JCPOA and place “the strongest sanctions in history” against Tehran, international companies have been weighing the implications on doing business in Iran. Below is a list of major announcements made through mid-June 2018.

21 May 2018
These will indeed end up being the strongest sanctions in history when we are complete US Department of State

Secretary of State Mike Pompeo

18 May 2018
The European Union is committed to mitigating the impact of U.S. sanctions on European businesses and taking steps to maintain the growth of trade and economic relations ... European Commission - Press Release

European Commission

14 May 2018
There's a primacy of a political system. If that primacy says 'this is what we're going to do', then that is exactly what we're going to do. CNN Money

Siemens CEO Joe Kaeser

4 June 2018
The E3 and EU are committed to undertaking strong efforts to continue sanctions relief to Iran in order to uphold our commitments to the JCPOA for as long as Iran remains... Bruno Le Maire

E3/EU Letter to U.S. Counterparts

Subscribe to Crisis Group’s Email Updates

Receive the best source of conflict analysis right in your inbox.