Treasury

September 18, 2015
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…
June 8, 2015
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 “…
August 29, 2014
            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…
July 29, 2014
     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…
May 23, 2014
            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…
April 29, 2014
      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…
April 2, 2014
            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…
March 20, 2014
            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…
March 3, 2014
            On March 2 and 3, Treasury Secretary Jack Lew and Secretary of State John Kerry defended the Obama administration’s commitment to solve the Iranian nuclear dispute diplomatically at the annual American Israel Public Affairs Committee conference. “Those who say strike [Iran’s nuclear…
February 6, 2014
            On February 6, the Treasury announced sanctions targeting entities and individuals across Europe and the Middle East for evading U.S. sanctions on Iran. Some allegedly aided Tehran’s nuclear and missile programs or supported terrorism. “The global targets designated today play key roles…