Global orbits – US Treasury: Sanctions on Entities in Iran and Russia

Brief Summary

The US Treasury imposed sanctions on entities, individuals, and vessels in Iran and Russia.

The US sanctions include issuing a general license related to Iran.

The general license permits the termination of certain activities and the conduct of transactions related to safety, environment, and unloading of prohibited shipments as of July 14.

Washington had issued new sanctions and a general license related to Iran.

The Treasury stated that the sanctions included a number of individuals, entities, and vessels, while the general license allows the termination of certain activities and the conduct of specific transactions related to safety, environment, and unloading shipments involving sanctioned persons or vessels as of July 14.

Reported in the news

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