Alexander Zalivako

2020.01.10 – US Executive Order 13902 – Imposing Sanctions With Respect to Additional Sectors of Iran

Attached is the text of the executive order. The EO designates additional sectors of Iran economy (e.g., •(1) construction; (2) mining; (3) manufacturing; (4) textiles; (5) petroleum and petrochemical (added on 11 October 2024) (Sec. 1 of the EO)) where the operators may be subject to US blocking sanctions. The EO further sets out that foreign financial institutions which knowingly facilitate significant financial transactions in connection with the goods/services related to the above sectors may be prohibited to have US correspondent accounts (Sec 2 of the EO).

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