On 6 July 2017, Shearman & Sterling published its Sanctions Roundup: First Half of 2017, covering developments in US sanctions over the first six months of 2017.
The first six months of the Trump Administration saw several notable developments for US sanctions, with particular implications for Russia (in particular the Nord Stream 2 gas pipeline to Germany, a break from the recent tradition of strong cooperation between the EU and US concerning Russian sanctions), Iran and North Korea. The Administration also declared a partial reversal in US policy toward Cuba. Meanwhile, OFAC concluded a major enforcement effort against the Chinese firm ZTE, imposing the largest fine ($1.192 billion) on record against a non-financial entity, for enabling transactions with Iran in the telecom industry. Our client publication Sanctions Round Up: First Half 2017 is available at:
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
