Before and after the Joint Comprehensive Plan of Action (“JCPOA”) agreement between Iran and the P5+1 group of countries, many national trade delegations, economic missions and chambers of commerce from all around Europe have visited Tehran to promote and initiate the expansion or renewal of Iran business ties.
However, there remain serious legal, political, financial and reputational risks associated with doing business in and with Iran. Business opportunities in Iran are still not worth the risk. Accordingly, UANI is calling on all nations and companies to forgo engaging in Iran business. In particular, it is crucial to recognize that the partial lifting of sanctions under the JCPOA is not permanent. Sanctions may be re-imposed (“snapped back”) at any time, depending on Iran’s compliance with the JCPOA, other misconduct, and/or shifting political circumstances.