Treasury

On September 3, the United States sanctioned companies based in Iran, China and the United Arab Emirates (UAE) for deals involving Iranian oil. The State Department sanctioned five companies for the purchase, acquisition, sale, transport and marketing of Iranian petroleum. The Treasury also…
On September 19, the Trump administration formally reimposed U.N. sanctions on Iran that had been lifted as part of the 2015 nuclear deal. Secretary of State Mike Pompeo declared that the United States unilaterally would reenact five sets of U.N. sanctions from 2006 through 2010, despite opposition…
On September 17, a ranking Treasury official told lawmakers that the United States is “intensifying a battery of sanctions that will not change under the terms of that deal” even while preparing to suspend secondary nuclear sanctions in return for Iranian compliance. “These include sanctions…
On June 7, Treasury Secretary Jacob Lew defended the Obama administration's diplomatic efforts to solve the nuclear dispute with Iran. Speaking to an audience at the annual Jerusalem Post conference in New York, he also outlined how sanctions relief could work under a final agreement. Sanctions “…
            On August 29, the U.S. Treasury Department and State Department sanctioned more than 25 individuals, companies and banks for supporting Iran’s nuclear program, helping Iran evade sanctions or supporting terrorism. The punitive measures reflect Washington’s “determination to take action…
     On July 29, Treasury Under Secretary for Terrorism and Financial Intelligence David S. Cohen testified before the Senate Foreign Relations Committee on Iran’s economy. The following are excerpts with a link to the full text.    The State of the Iranian Economy            When we…
            The following is an excerpt from the U.S. Government Accountability Office's letter to the chair of the House of Representative’s foreign affairs committee detailing the process to determine whether to impose sanctions under the Iran Sanctions Act.             U.S. sanctions on Iran…
      On April 29, the U.S. Department of the Treasury sanctioned two individuals and nine entities for evading oil sanctions and aiding Tehran’s ballistic missile program. Several of the front companies were connected to Karl Lee, who was designated several years ago for procuring missile parts…
            On April 2, Treasury Under Secretary David Cohen briefed the Senate Subcommittee on Financial Services and General Government on Iran sanctions. "Today, Iran stands isolated from the global financial system with slashed oil revenues, an eroded currency, and a severely weakened economy…
            On March 20, the U.S. Treasury authorized accredited U.S. academic institutions to hold academic exchanges with Iranian universities. The general license notably allowed the provision of on-line courses for Iranian students. The Treasury’s announcement coincided with Nowruz, Persian New…