US further eases Iran sanctions after nuclear deal

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From Yahoo: The Obama administration is further easing sanctions on Iran, making it easier for foreign firms to do business with the country following last year’s nuclear deal.
Shortly before 6 p.m. Friday at the start of the Columbus Day holiday weekend in the United States, the Treasury Department published new guidance for businesses that said some previously prohibited dollar transactions with Iran by offshore banking institutions are allowed as long as they do not enter the U.S. financial system.
The clarifications from Treasury’s Office of Foreign Assets Control also remove a blanket ban on foreign transactions with Iranian firms that may be controlled by a person who remains subject to U.S. sanctions.
Despite the nuclear agreement, which gave sanctions relief to Iran in return for it curtailing its nuclear program, the U.S. maintains sanctions on Iran and certain Iranian companies and people. They are known as “specially designated nationals” or SDNs, for a variety of reasons, including its ballistic missile program, human rights record and support for groups the U.S. deems to be terrorist organizations.
The new Treasury language says foreign transactions with non-sanctioned entities that are nonetheless “minority owned” or “controlled in whole or in part by an Iranian or Iran-related person on the SDN list” are “not necessarily sanctionable” under U.S. regulations.
Friday’s steps by the Treasury come amid growing complaints from Iran that it is not getting the sanctions relief it deserves under the nuclear deal because remaining U.S. sanctions have scared foreign companies from doing business in or with the country. The U.S. insists it has met its obligations and blamed Iranian behavior for the reluctance of foreign companies do to business in Iran. At the same time, it has sought to reassure foreign companies that certain transactions with Iran will no longer be subject to U.S. sanctions.
clinton kerry
“We put a lid on Iran’s nuclear program without firing a single shot.”
Hillary Clinton

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3 years ago

Hope and change.
Now, after everything changed, we have little hope.

3 years ago

Wow, he REALLY looks like a poisonous snake–or should I say serpent– in that pic.

3 years ago

You can almost hear the hissing coming out from his mouth!

3 years ago

All O’Barmy’s Executive Brotherhood changes were designed to undermine our Republic. Seventy percent of The Congress was complicit. They all crossed We The People’s red line. Now it’s time to pay the piper. Take no prisoners. #MAGA


[…] via US further eases Iran sanctions after nuclear deal — Fellowship of the Minds […]

3 years ago

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3 years ago

None of this makes any sense. Why would companies that are “minority owned” or “controlled in whole or in part by an Iranian or Iran-related person on the SDN list” be “not necessarily sanctionable” ?? What the heck does that even mean?? IF the U.S. really feels Iran has a nuclear program, then the U.S. should not do business with Iran. But where does the U.S. get off telling other countries they can’t do business with Iran —or with any other country for that matter? Those who run the U.S. are a bunch of hegemonic, racist, apartheid-loving bas+ards. Watch Patrick… Read more »