🚫Department of State Sanctions on Iran-Related Entities
Notice of Department of State Sanctions Actions Pursuant to the Executive Order Reimposing Certain Sanctions With Respect to Iran
Summary
The Department of State is publishing the names of one or more persons that have been placed on the Department of Treasury's List of Specially Designated Nationals and Blocked Persons (SDN List) administered by the Office of Foreign Asset Control (OFAC) based on the Department of State's determination, in consultation with other departments, as appropriate, that one or more applicable legal criteria of the Executive Order reimposing certain sanctions with respect to Iran were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
Agencies
- State Department
Business Impact
$$$ - High
The sanctions imposed on designated entities and individuals prevent U.S. businesses from engaging in transactions with them, increasing compliance and regulatory obligations for companies that engage in international trade, especially in the energy sector. This affects companies involved in transactions relating to petroleum products, requiring them to ensure they do not inadvertently conduct business with these entities.