Iran: Sanctions

Foreign and Commonwealth Office written question – answered on 15th November 2018.

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Photo of Kevan Jones Kevan Jones Labour, North Durham

To ask the Secretary of State for Foreign and Commonwealth Affairs, with reference to the Written Statement of 5 November 2018, on uploading the Joint Comprehensive Plan of Action, HCWS1061 whether he has plans to allow UK registered subsidiaries of US companies to trade with Iran through the Special Purpose Vehicle; and what discussions officials in his Department have had with representatives of the Joint Comprehensive Plan of Action.

Photo of Alistair Burt Alistair Burt Minister of State (Department for International Development) (Jointly with the Foreign and Commonwealth Office), Minister of State (Foreign and Commonwealth Office) (Joint with the Department for International Development)

Undertaking trade with Iran is a commercial decision for individual businesses to take on the basis of considering all possible risks, and firms should seek their own legal advice before doing so. Once it is established, the same will be true for companies that may wish to use the Special Purpose Vehicle. As a party to the Joint Comprehensive Plan of Action (JCPoA), the British Government remains committed to its full implementation and is in regular communication with the remaining parties to the deal.

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