US sanctions hit Iran's education and sports sectors
This digest was compiled by AI from multiple sources — links to the originals are below.
The US Treasury's Office of Foreign Assets Control indefinitely suspended education-related general licences that allowed limited cooperation with Iran, including academic exchanges. The suspension also covers sports activities and certain personal remittances. The move expands secondary sanctions to aviation, digital assets, gold, shipping, and technology sectors.
Key Facts
- The US Treasury's Office of Foreign Assets Control indefinitely suspended education-related general licences that permitted limited cooperation with Iran by American universities or people, including academic exchange programmes and certain nonprofit education services.
- The US also indefinitely suspended a general licence that permitted services in support of professional and amateur sports activities and exchanges involving Iran.
- OFAC suspended permissions for certain non-commercial, personal remittances to or from people in Iran.
- The Trump administration expanded secondary sanctions to five more sectors: aviation, digital assets, gold, shipping, and technology.
- Any person anywhere in the world operating in those sectors may be designated as a blocked party under US secondary sanctions.
Education and Sports Licences
The Office of Foreign Assets Control of the US Treasury indefinitely suspended education-related general licences that permitted limited cooperation with Iran by American universities or people, including academic exchange programmes and certain nonprofit education services. The US also indefinitely suspended another general licence that permitted services in support of professional and amateur sports activities and exchanges involving Iran. Another suspension targets services related to conferences in the US or third parties. OFAC also suspended its permissions for certain non-commercial, personal remittances to or from people in Iran.
Secondary Sanctions Expansion
As part of "Operation Economic Outcast", the Trump administration last week expanded secondary sanctions in five more key economic sectors impacting civilian life: aviation, digital assets, gold, shipping and technology. Those sectors were added to a comprehensive list that includes financial sectors, construction and manufacturing, among others. Any person anywhere in the world operating in, or engaging in any significant transaction with, or providing any assistance to anyone operating in those sectors may be designated as a blocked party under US secondary sanctions. That could bring about asset freezes and an effective quarantine from US-linked and much of global commerce.
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