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sanctions

  1. 748 Posts.
    I wonder if these U.S sanctions on Iran will have an impact on INL's deal regarding the Iranian zinc project.
    Part copied from a todays news article.

    What actions can trigger sanctions?

    The sanctions target foreign financial institutions that conduct petroleum and non-petroleum transactions with Iran's central bank or other blacklisted Iranian financial entities.

    For non-petroleum transactions, from February 29 the law requires the president to punish private banks that "knowingly conducted or facilitated any significant financial transaction with the Central Bank of Iran" or other blacklisted entities.
 
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