OFAC: AMENDED IRAN SANCTIONS INVOLVING IRON, STEEL, ALUMINIUM AND COPPER

On 6th August, OFAC announced changes to implement Executive Order 13871, “Imposing Sanctions with Respect to the Iron, Steel, Aluminum, and Copper Sectors of Iran”, as well as several new FAQ (see nos. 666 to 690).   The sanctions, provided for in the EO from May, allow for sanctions measures affecting the various sectors and anyone involved in it, including in respect of technical or financial support, transportation etc.  Originally announced in May, the 6th August saw the end of the 90-day “wind down” period for implementation.

https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_iran.aspx#666

https://www.treasury.gov/resource-center/sanctions/Programs/Documents/20190806_iran_metal_regs.pdf

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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