On February 6, President Obama signed an Executive Order
that takes a number of actions relating to the Administration's Iran
sanctions program, including measures to implement section 1245 of the
National Defense Authorization Act (NDAA). Among other measures, the
order freezes all property of the Central Bank of Iran and all other
Iranian financial institutions, as well as all property of the
Government of Iran, further tightening the stringent U.S. sanctions on
Iran.
According to a fact sheet from the Department of Treasury: "Iran
now faces an unprecedented level of pressure due to intensified
sanctions applied by the United States and complementary actions by many
others around the world. The new Executive Order issued today
reemphasizes this Administration's message to the Government of Iran -
it will face ever-increasing economic and diplomatic pressure until it
addresses the international community's well-founded and well-documented
concerns regarding the nature of its nuclear program."
For details,
please contact Christopher Wenk, Senior Director for International
Policy (cwenk@uschamber.com).
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