International sanctions — is Iran now an investment opportunity?
Last month the Iranian president, Hassan Rouhani, attended the World Economic Forum, in Davos, and encouraged the international community to ‘come and visit Iran to see the investment opportunities’.
This declaration was possible, in large part, because on the 20 January 2014 the US and the EU temporarily eased certain international sanctions imposed upon Iran. There is hope that this victory for diplomacy and president Rouhani’s talk of ‘constructive engagement’ will result in the temporary relief being extended.
However, before businesses and their advisers seize upon president Rouhani’s invitation, they need to be aware of how limited the sanctions relief is and how committed the US and the EU are to enforcing the modified sanctions regime…
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