Imposing Sanctions With Respect to Additional Sectors of Iran
Headline: Blocks Property and Imposes Sanctions on Iran's Economic Sectors
What it does: Agencies must block property of persons tied to specified Iranian sectors, sanction related foreign banks, and implement measures to enforce those restrictions.
- Freezes assets and blocks transactions of targeted Iran-sector companies.
- Restricts U.S. banking access for foreign banks tied to Iran.
- Limits U.S. entry for individuals linked to the targeted Iranian sectors.
Summary
This order blocks property and imposes sanctions on people and businesses that operate in key sectors of Iran's economy, such as construction, mining, manufacturing, and textiles, and on those who support them. It also authorizes the Treasury, with consultation from the State Department, to sanction foreign banks that facilitate significant transactions for those sectors and to restrict their U.S. banking access.
The order suspends entry to the United States for people meeting these criteria, bans donations and dealings with blocked persons, and directs all government departments to enforce these measures to deny revenue that could fund Iran's harmful activities.
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