Iran Sanctions – Is this the End?

Today, November 24, is the last day for the special licensing program related to transaction in civil aircraft parts that are sold or transferred to Iran.  with respect to licensed transactions in civil aircraft parts destined for Iran, ALL TRANSACTIONS SHOULD BE COMPLETED TODAY, unless you have a license that explicitly permits transactions after today (make sure it also permits you to get paid!).

We have published several articles about this program, including:

The program for obtaining such licenses was extended during the summer, and is scheduled to expire today, November 24, 2014.  It has been extended in the past, but at present we do not know what will happen to the program for the foreseeable future.

CNN is reporting that the parties have set a new deadline for concluding their discussions: March 1. 2015.  But it is unclear whether the relaxed sanctions will remain relaxed through this period.

We have checked the Treasury Department information, where this information has typically been published in the past.  No updates are posted, there.  So until we hear otherwise, it is best to make sure you conclude your business with Iran TODAY, because sanctions may be fully enforced as of tomorrow.  If the program is extended, then we will let you know as soon as we know.

Advertisements

About Jason Dickstein
Mr. Dickstein is the President of the Washington Aviation Group, a Washington, DC-based aviation law firm. He represents several aviation trade associations, including the Aviation Suppliers Association, the Aircraft Electronics Association, the Aircraft Fleet Recycling Association and the Modification and Replacement Parts Association.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: