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Iranian Transactions and Sanctions Regulations


After adoption of Joint Comprehensive Plan of Action (“JCPOA”) between Iran and E3/EU3+3, Office of Foreign Assets Control (“OFAC”) amended the “Iranian Transactions and Sanctions Regulations”. As a result of this amendment, prohibitions on importation to United States or transactions of Iranian-originated goods, specially foodstuffs and carpet, as mentioned in the JCPOA were terminated. To read the official text of the amendment see here.