Swift Discusses What Trump’s Iran Strategy Changes Mean for Foreign Businesses

Partner Christopher Swift was quoted in a TheStreet article, “Trump Won’t Certify Iran Deal, Injecting Uncertainty into Business and Diplomacy,” about what the Trump administration’s position on Iran’s compliance under the 2015 nuclear accord means for global business. While U.S. companies are largely still prohibited from doing business in Iran, many European and Asian companies have been active there.

“This decision is highly disruptive for foreign businesses that can do business in Iran legally,” Swift said. “If the United States does withdraw from the Iran nuclear accord, then many of the European and Asian companies that rushed into the Iranian market or after the Geneva accords may be subject to U.S. sanctions once again. These sudden changes in the sanctions regime can create significant risks for companies that are not prepared.”