The Impact Of EU's Sanctions Against Iran

Law360, New York (July 18, 2012, 1:00 PM EDT) -- Not a drop of Iranian oil or petroleum can now be brought into the European Union legally. The European ban on imports from the world’s third-largest oil exporter — which was agreed at the end of January to put pressure on Tehran, Iran, to suspend its nuclear program — came into effect on Sunday, July 1.

The ban extends the measures already applied to the petrochemical sector, and as a result, the EU will be foregoing access to around 600,000 barrels of Iranian crude per day....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.