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Sanctions: Iran

Question for Department for International Trade

UIN HL12152, tabled on 10 December 2018

To ask Her Majesty's Government what assessment they have made of the impact that the reintroduction of sanctions on Iran by the United States has had on UK-registered companies trading with Iran.

Answered on

17 December 2018

The US Treasury has re-imposed sanctions against Iran relating to financial institutions, and Iran’s energy, insurance and shipping sectors. There has been an impact on UK businesses, although it is too early to make a comprehensive assessment. Where necessary, UK companies should seek legal advice.

The Department for International Trade has a dedicated team working at the British Embassy in Tehran to support UK businesses active in the Iranian market. We continue to monitor any impact on UK-Iran trade caused by the re-imposition of US sanctions on Iran.