When did the US put sanctions on Iran?

When did the US put sanctions on Iran?

The United States has imposed restrictions on activities with Iran under various legal authorities since 1979, following the seizure of the U.S. Embassy in Tehran.

What happens if you breach sanctions?

The UK currently imposes financial sanctions in 27 sanctions regimes. Breaching sanctions is a criminal offence and the most serious cases could shortly incur prison sentences of up to seven years. OFSI will normally publish summary details of penalty cases, to deter non-compliance and support compliance best practice.

Why was Rossiya Bank put on the sanctions list?

On March 20, 2014, the United States Government Office of Foreign Assets Control added Rossiya Bank to the Specially Designated Nationals List (SDN) as part of sanctions taken in response to the 2014 Crimean crisis, placing restrictions on US trade with the bank. Visa and Mastercard stopped processing the bank’s payment as a result.

Who are the Russian officials sanctioned by the US?

WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated sixteen Russian government officials, members of the Russian leadership’s inner circle, including a Russian bank pursuant to Executive Order (E.O.) 13661, which was signed by President Obama on March 16, 2014.

Are there any sanctions on banks in Iran?

The action under E.O. 13902 does not affect existing authorizations and exceptions for humanitarian trade, which remain in full force and effect for these seventeen banks. This action also does not affect activities subject to a State Department-issued waiver or exception, or activities subject to an OFAC general or specific license.

Are there any sanctions on Rosneft in Russia?

Rosneft is a state-owned company and has not been sanctioned. Sechin was formerly the Deputy Prime Minister of the Russian Federation from 2008 until 2012. Additionally, from 2004 until 2008, Sechin was the Deputy Chief of Staff for President Putin. Sechin has shown utter loyalty to Vladimir Putin – a key component to his current standing.

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