Latest changes & additions Iran On 8 May 2019 Iran has suspended its commitments under the JCPOA to sell surplus of enriched uranium in exchange for natural uranium, and to make excess heavy water available on the open market. Iran urged the E3, Russia and China to fulfil their banking and oil commitments to Iran in the next 60 days, otherwise Iran may not respect the current limits on uranium enrichment and may take measures to modernise the Arak heavy water reactor and suspend implementation of other obligations under the JCPOA. More details in Press Release . US Latest developments On 10 January 2020 US issued a new Executive Order imposing sanctions against anyone (including non-US persons) who is engaged in owning, operating, trading with, or assisting sectors of the Iranian economy including construction, manufacturing, textiles, and mining or any other sector of the Iranian economy as may be determined by the US authorities. More information about the action is available in the Press Release . As a result, trade with Iran in almost all industry sectors is now barred except for trade in medicine/medical items and food and agricultural commodities. The Executive Order also authorises sanctions with respect to foreign financial institutions for transactions involving the designated industries. On 8 October 2020, the Secretary of Treasury determined that the financial sector of the Iranian economy would also become subject to E.O. 13902, which provides OFAC with the authority to designate any Iranian financial institution. 18 banks have been listed , and will be subject to secondary sanctions. As a result, non-US persons will be exposed to a risk of sanctions if they engage in certain transactions with financial institutions sanctioned pursuant to E.O. 13902 or the financial sector more generally. There is a 45-day wind-down period (ending 22 November 2020) during which non-US persons can wind down transactions with sanctioned financial institutions and