The United States will re-establish sanctions against Iran progressively, kicking off with the automobile and civil aviation sectors, a source close to the French government says.
Energy and finance will follow, with companies facing punishment if they continue to do business with Iran, after US President Donald Trump withdrew from the nuclear deal with Tehran.
August 6 will see the re-introduction of auto and civil aviation sanctions, according to the source.
Sanctions in the energy sector, covering oil, gas, and petro-chemicals, will follow on November 4.
“There will be the obligation to reduce imports of Iranian crude oil and, in more general terms, sanctions on any commercial operations and transactions of the [energy] sector with Iran,” the source says.
On the same day, sanctions will be extended to the financial sector with “a ban on transactions with a certain number of major financial actors, including the central bank” and on the use of messaging systems such as the international banking system Swift, the source says.
— AFP
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