Dechert warns of investor fallout from Syria, Iran sanctions
Both US and European investors need to ensure they will not be caught out by the current and pending sanctions being prepared by the EU and US against Syria and Iran, warns law firm Dechert.
In a note on the emerging situation in the two countries, Dechert said areas encompassed by the sanctions included oil and gas equipment, precious metals trading, financial messaging and data services, and telecoms equipment. The list could grow, it added, as further sanctions could be on the way.
“Where the new sanctions will particularly bite is for any EU company or financial service provider doing business with, or financing business with the Iranian energy sector, or those managing wider assets which may be owned or controlled by Iranian sanctions targets.”
To read the full briefing click here: [asset_library_tag 5151,The Expansion of EU Sanctions]