Search Results for keywords:"financial restrictions"

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Search Results: keywords:"financial restrictions"

  • Type:Notice
    Citation:86 FR 672
    Reading Time:about 9 minutes

    The Secretary of State has imposed sanctions on six entities and eight individuals for their involvement in significant transactions related to petroleum products from Iran. These sanctions aim to block their property, restrict financial dealings, and limit their ability to interact with U.S. financial systems. Additionally, the U.S. will deny visas or entry to those identified as corporate officers or principal owners of these sanctioned entities. This action is part of the U.S. government's efforts to enforce its foreign policy under Executive Order 13846.

    Simple Explanation

    The U.S. government is saying "no" to certain companies and people from Iran by stopping them from doing business with U.S. banks and visiting the U.S., because these people were involved with selling oil.

  • Type:Notice
    Citation:89 FR 106750
    Reading Time:about 2 minutes

    The Office of Foreign Assets Control (OFAC), part of the U.S. Department of the Treasury, announced they have added individuals to their Specially Designated Nationals and Blocked Persons List. This means that the property and interests of these individuals within U.S. jurisdiction are now blocked, and American citizens and companies are generally prohibited from doing business with them. The designated individuals are from Georgia and were sanctioned for being leaders or officials of entities involved in serious human rights abuses.

    Simple Explanation

    The U.S. Treasury's Office, called OFAC, has added some people from Georgia to a special list because they did bad things. This means these people can't use their stuff in the U.S., and Americans can't do business with them.