Sanctions And The Insurance Industry: Challenges And Opportunities
by Matthew Moran /
2013 / English / PDF
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Since December 2006 four sets of UN Security Council sanctions have been imposed on Iran over its nuclear programme, with Tehran still yet to satisfy the international community that its intentions are solely peaceful. UN sanctions have been augmented by unilateral sanctions (particularly on the part of the United States) and sanctions imposed by the European Union. The various regimes target multiple economic sectors. However, while sanctions constitute a valuable tool for the international community to apply pressure on Iran to negotiate over its nuclear programme, the wide range and scope of the various regimes, and in many cases a lack of detailed guidance on implementation, mean that there can be uncertainty within industry with regard to their implementation.
