With its publication in the EU Official Journal on 7 August 2018, the EU's updated blocking statute – to include the American sanctions against Iran – entered into force on 7 August. The first section of the US measures was re-established on 7 August and the second section will be re-established on 5 November.
This updated blocking statute (the 1996 regulation that aims to neutralise the extraterritorial effects of US sanctions in the EU) should mitigate the impact of these...