Treasury Expands Licenses for Food, Medical Export to Iran
The Treasury Department’s Office of Foreign Assets Control (OFAC) issued a final rule that amends the Iranian Transactions and Sanctions Regulations to expand licenses that authorize the exportation or reexportation of a broader category of agricultural commodities to individuals and…
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entities in Iran. The rule also adds a new general license that authorizes the exportation or reexportation of certain replacement parts for certain medical devices. The rule was effective April 7. OFAC also posted a list of frequently asked questions (here).