Efforts to Circumvent US Iran Sanctions ‘Generally Ineffective’ – Legal Experts

• Efforts to Circumvent US Iran Sanctions ‘Generally Ineffective’ – Legal Experts
  by Suliman Mulhem, https://sputniknews.com/
  With US President Donald Trump pulling the US out of the Iran nuclear deal earlier this year, many European businesses commercially active in Iran are looking to circumvent Washington’s sanctions.
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  Sputnik reporter Suliman Mulhem spoke to legal experts from Fieldfisher, a leading international law firm with over 1,000 lawyers and support staff across 20 offices, about the challenges facing European corporations operating in Iran and what they can do to bypass the re-imposed US sanctions.
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  As noted by Jochen Beck, a partner at Fieldfisher’s competition, regulatory and trade department in Brussels, the main threat against EU businesses in Iran is secondary sanctions, though companies with ties to the US are also at risk of being penalized via Washington’s primary economic sanctions.
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  Outlining the punitive measures they could face for violating the sanctions, Mr. Beck said “EU companies could be subject to administrative or criminal charges, ranging from financial fines to imprisonment.”
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