New U.S. Sanctions Prompt Reciprocal Iranian Sanctions

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Author: 

Farhad Mirzadeh

Date Published: 

Friday, August 4, 2017

Volume: 

33

Issue: 

8

Subject Areas: 

Sanctions

Geographic Identifier: 

Iran
United States

Abstract: 

Despite the passage of the Joint Comprehensive Plan of Action (“JCPOA”) between the U.S. and Iran, the two countries have exchanged sanctions against each other over the past few months, gutting aspirations of warmer relations between the two countries.  On March 24, the U.S. State Department issued sanctions against Iran and entities that were aiding Iran’s ballistic missile program. On March 26, the Islamic Republic of Iran (“Iran”) reciprocated by issuing sanctions on 14 U.S. entities. On May 18, Iran extended their reciprocal sanctions and added an additional nine entities to their list. The complete list of individuals that are subject to the sanctions can be found on the Iranian Foreign Ministry’s website.