Part Two: The New Iran and North Korea Sanctions
On July 27, 2017, the US Congress passed the Countering America's Adversaries Through Sanctions Act (CAATSA), which calls for imposition of extraordinarily wide-ranging new sanctions measures on Russia, Iran and North Korea. The CAATSA currently awaits action by President Trump and will likely become the law of the land in the coming days. In this update, we provide an overview of the new sanctions in the Countering Iran's Destabilizing Activities Act of 2017 (CIDA) and Korean Interdiction and Modernization of Sanctions Act (KIMSA), Titles I and III respectively of CAATSA. Please note that these sanctions are highly nuanced and contain limitations and exceptions, thorough discussion of which is beyond the scope of this update.
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