On August 24, 2017, President Trump signed an Executive Order imposing additional sanctions on Venezuela. The Order states that these sanctions, which primarily target the Government of Venezuela and the Venezuelan oil industry, are in response to the deepening political and humanitarian crisis in Venezuela.
“Implementation Day” of the nuclear agreement with Iran (the Joint Comprehensive Plan of Action or “JCPOA”) and the re-opening of the Iranian market arrived on Saturday, 16 January. In response to this, Baker & McKenzie is organizing the Iran Trade Roadshow, a series of 2-3 hour seminars in various locations across the globe that will provide an overview of the potential changes to sanctions in relation to the JCPOA.
This post provides you with a brief summary of the sanctions relief that the U.S. Government instituted on Implementation Day.