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The United States Lifts Secondary Sanctions on Iran and Implements Other Limited Sanctions Relief
January 28, 2016
On January 16, 2016 the US government (OFAC) announced the lifting of U.S. nuclear-related (secondary) economic sanctions on Iran. OFAC also issued a general license to authorize certain transactions relating to foreign entities owned or controlled by a United States Person, and issued a statement of licensing policy for activities related to the exportation to Iran of commercial passenger aircraft. There will also be authorization for the importation into the United States of Iranian-origin carpets and foodstuffs. See our Economic Sanctions Update of 1/16/2016.