OFAC Issues General License for Certain Civil Aircraft Re-Exports to Iran
The Office of Foreign Assets Control issued General License J-1, which authorizes the re-exportation of eligible civil aircraft involving code-sharing arrangements to Iran on temporary sojourn and related transactions, OFAC said (here). This license supersedes General License J. OFAC also…
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updated related to the lifting of U.S. sanctions on Iran under the Joint Comprehensive Plan of Action (JCPOA). Meanwhile, Secretary of State John Kerry on Dec. 15 renewed the U.S.' waiver of sanctions on Iran under the JCPOA, according to a statement (here).