- The Trump Administration could dramatically alter U.S. sanctions against Iran, Cuba and Russia.
- Sanctions against Iran and Cuba could snap back, rendering illegal some transactions that are currently permitted.
- Sanctions against Russia could be scaled back or rescinded entirely.
- Until the smoke clears, companies should approach these markets with caution.
Introduction. With the results in from the U.S. presidential election, companies should begin to consider the potential impact of a Trump presidency on their international business. U.S. economic sanctions were among the hot-button issues debated this election cycle, and changes under a Trump Administration could restrict opportunities for companies conducting or hoping to engage in business involving Iran or Cuba. On the other hand, Trump has vowed to improve relations with Russia, which could signal the impending revocation of U.S. sanctions against that country.
Bass, Berry & Sims’ Government Contracts & International Trade blog features news, commentary and insight on the demanding and ever-changing regulatory environment of contracting with federal, state and local governments, and international trade issues when conducting a global business.