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DETERMINATION PURSUANT TO SECTION 1(a)(i) OF EXECUTIVE ORDER 13902
Aviation, Digital Asset, Gold, Shipping, and Technology Sectors of the Iranian Economy Section 1(a)(i) of Executive Order (E.O.) 13902 of January 10, 2020 (“Imposing Sanctions With Respect to Additional Sectors of Iran”) imposes economic sanctions on any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, to operate in such sectors of the Iranian economy as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State.
To further address the unusual and extraordinary threat to the national security, foreign policy, and economy of the United States described in E.O. 13902, and in consultation with the Department of State and pursuant to 31 CFR § 560.802, I hereby determine that section 1(a)(i) of E.O. 13902 shall apply to the aviation, digital asset, gold, shipping,...
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1) This “determination,” this first one issued pursuant to EO 13902 since 2024 (see Executive Order 13902 - Petroleum and Petrochemical Sectors of the Iranian Economy Determination, and comments thereto), was issued in connection with “Economic D-Day”. See Treasury Launches Unprecedented Campaign Against Iranian Regime on Economic D-Day (Treasury Press Release). See General Note on "Sectoral Sanctions" and Determinations Made Pursuant to EOs Providing for the Blocking of Persons Determined to "Operate In" a Certain Sector, and note that the “Petroleum and Petrochemical Sectors” determination as been the basis for many secondary sanctions-like designations of non-U.S. persons (though there have been far fewer with respect to the sectors explicitly named in EO 13902). OFAC will likely issue guidance setting out definitions for “Aviation, Digital Asset, Gold, Shipping, and Technology Sectors.” If other “sectoral” definitions...