Authorizing the Imposition of Certain Sanctions With Respect to the Provision of Goods, Services, Technology, or Support for Iran's Energy and Petrochemical Sectors
Headline: Orders Sanctions on Those Supporting Iran's Energy and Petrochemical Sectors
What it does: Agencies must implement targeted sanctions blocking assets, restricting trade, and limiting financial dealings with persons aiding Iran's energy or petrochemical sectors.
- Blocks property and financial transactions of targeted individuals and companies.
- Denies U.S. government contracts, export licenses, guarantees, and credit to sanctioned parties.
- Restricts loans and foreign-exchange transactions involving the targeted persons.
Summary
This order lets the Secretary of State, working with the Treasury, Commerce, and other officials, impose sanctions on people or companies that sell, lease, or provide goods, services, technology, or support to Iran's energy or petrochemical sectors when those transfers meet specified money thresholds. Affected parties include firms and individuals that help develop Iran's petroleum resources or expand its petrochemical production.
The measures block assets, restrict financial transactions, deny U.S. government contracts and export permissions, and limit loans and trade to those targeted to curb Iran's related activities.
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