Ofac Sanctions Steel Aluminum And Iron

Sanctions on Irans Iron Steel Aluminum and Copper Industries. The US Department of the Treasurys Office of Foreign Assets Control OFAC recently designated as Specially Designated Nationals SDNs a number of entities linked to the Iranian steel aluminum and iron sectors that are likely to be of particular interest for companies doing trade in or with the Middle East or financial institutions financing trade and business in the region.

Ofac Consolidated Frequently Asked Questions U S Department Of The Treasury

Executive Order 13871 of May 8 2019 Imposing Sanctions With Respect to the Iron Steel Aluminum and Copper Sectors of Iran.

Ofac sanctions steel aluminum and iron. WASHINGTON Today the US. 4 Additionally OFAC designated three China- and Seychelles- based companies and a related vessel for reportedly purchasing and transporting Iranian metals and metal products and. Department of the Treasurys Office of Foreign Assets Control OFAC took action against eight senior Iranian regime officials who have advanced the regimes destabilizing objectives as well as the largest steel aluminum copper and iron manufacturers in Iran who collectively generate billions of dollars.

The Treasury also blacklisted Iran-based aluminum steel and iron producers South Aluminum Company Sirjan Jahan Steel Complex and Iran Central Iron Ore Company. 13871 of May 8 2019 which imposed sanctions with Respect to the Iron Steel Aluminum and Copper. 13871 authorizes sanctions with respect to the iron steel aluminum and copper sectors of Iran.

WASHINGTON Today the US. 13871 authorizes blocking sanctions on any person determined by the Secretary of the Treasury in consultation with the Secretary of State. On May 8 2019 exactly one year after the US withdrew from the Joint Comprehensive Plan of Action the Trump Administration issued an executive authorizing new sanctions on Irans iron steel aluminum and copper sectors.

Treasury Departments Office of Foreign Assets Control OFAC announced sanctions against four steel aluminum and iron companies for being directly or. On June 25 the US. The Office of Foreign Assets Controls OFAC announced they have amended the Iranian Financial Sanction Regulations to rename as the Iranian Sector and Human Rights Abuses Sanctions Regulations in order to implement Executive Order 13871 EO.

Publication of Amended Iranian Sanctions Regulations Regarding the Iron Steel Aluminum and Copper Sectors of Iran. The Treasury Department also designated 17 specific sanctions against Irans largest steel aluminum copper and iron manufacturers who collectively generate billions of dollars annually. Section 1 of EO.

The Department of the Treasurys Office of Foreign Assets Control. Foreign Policy Issued on. OFAC has added new Sections 561331 through 561337 to provide definitions of key terms such as aluminum aluminum products aluminum sector of Iran copper copper products copper sector of Iran iron iron products iron sector of Iran steel steel products and steel sector of Iran.

Department of the Treasurys Office of Foreign Assets Control OFAC took action against four steel aluminum and iron companies operating within Irans metals sector including one subsidiary of Mobarakeh Steel Company Irans largest steel manufacturerTreasury is also designating one Germany-based and three United Arab Emirates. Did not impose any new sanctions on any specific individuals or entities but it authorized the Secretary of the Treasury to do. On January 10 2020 OFAC designated to the SDN List eight senior Iranian regime officials 3 and Irans largest steel aluminum copper and iron manufacturers.

On June 25 the US. To be operating in the iron steel aluminum or copper sector of Iran or to be a person that owns controls or operates an entity that is part of the iron steel aluminum or copper sector. Imposing Sanctions with Respect to the Iron Steel.

1701 et seq IEEPA the National Emergencies Act 50 USC. WASHINGTON Today the US. Section 1 of EO.

13871 authorizes blocking sanctions on any person determined by the Secretary of the Treasury in consultation with the Secretary of State. OFAC is also making conforming edits to Section 561301. On May 8 2019 President Trump issued EO.

Department of the Treasurys Office of Foreign Assets Control OFAC designated a China-based supplier of graphite electrodes a key element in steel production as well as twelve Iranian producers of steel and other metals products and three foreign-based sales agents of a major Iranian metals and mining holding company. And a Chinese vessel and vessel operator involved in the purchase sale and. On August 6 2019 the 90-day wind-down period expired for transactions with Irans iron steel aluminum and copper sectors which were sanctioned under Executive Order 13871 Imposing Sanctions with Respect to the Iron Steel Aluminum and Copper Sectors of.

Financial Crimes Department of Treasury OFAC Iran Sanctions Of Interest to Non-US Persons. By the authority vested in me as President by the Constitution and the laws of the United States of America including the International Emergency Economic Powers Act 50 USC. 13871 authorizing new sanctions against the iron steel aluminum and copper sectors of Iran.

Treasury Departments Office of Foreign Assets Control OFAC announced sanctions against four steel aluminum and iron companies for being directly or indirectly owned or controlled by Irans largest steel manufacturer which was previously designated for. Executive Order on Imposing Sanctions with Respect to the Iron Steel Aluminum and Copper Sectors of Iran. These new sanctions authorities escalate economic pressure on the Iranian regime by targeting Irans largest non-petroleum-related sources of export revenue.

13871authorizes sanctions with respect to the iron steel aluminum and copper sectors of Iran. Beijing-based Pamchel Trading Beijing and its Seychelles-based affiliate.

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