US NEW SANCTIONS ON IRAN CONSTRUCTION SECTOR

On 1^st November, Rferl reported that the US will have additional authority to “prevent Iran from acquiring strategic materials for the IRGC, its construction sector, and its proliferation programmes”, with the sale, supply, or transfer to or from Iran of raw and semi-finished metals, graphite, coal, and software for integrating industrial purposes will be sanctionable if those materials are to be used in connection with the Iranian construction sector.  A factsheet lists the materials affected, which includes stainless steel 304L tubes; MN40 manganese brazing foil; MN70 manganese brazing foil; and stainless steel CrNi60WTi ESR+VAR (chromium, nickel, 60% tungsten, titanium, electro-slag remelting, vacuum arc remelting).

https://www.rferl.org/a/us-sanctions-iran-construction-irgc-extends-civilian-nuclear-waivers/30247366.html

The factsheet is at –

https://www.state.gov/findings-pursuant-to-the-iran-freedom-and-counter-proliferation-act-ifca-of-2012/

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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 View all posts by raytodd2017