US withdrawal from the JCPOA-Iran Agreement and restoration of sanctions

8 May US President Trump decided to withdraw from the agreement signed in 2015 between Iran, China, Russia, France, UK, Germany and the EU (JCPOA - Joint Comprehensive Plan of Action). The announcement was made through a presidential Memorandum with which it provides instructions to the US authorities for the launch of the necessary actions and procedures.

At the same time the Department of the Treasury-OFAC has published new guidelines. The restoration of the sanctions that the USA, together with the EU, had suspended in the 2016, would happen in two deadlines: from the 7 August and from the 5 November 2018.

<< Attached an updated note on the subject.

Of interest to:
Sistema Confindustria

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