The United States Lifts Secondary Sanctions on Iran and Implements Other Limited Sanctions Relief
On January 16, 2016 the US government (OFAC) announced the lifting of U.S. nuclear-related (secondary) economic sanctions on Iran. OFAC also issued a general license to authorize certain transactions relating to foreign entities owned or controlled by a United States Person, and issued a statement of licensing policy for activities related to the exportation to Iran of commercial passenger aircraft. There will also be authorization for the importation into the United States of Iranian-origin carpets and foodstuffs. See our Economic Sanctions Update of 1/16/2016.
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