Executive Order 13059 - Prohibiting Certain Transactions With Respect to Iran (Effective Date - August 20, 1997)

Date issued: Aug. 20 1997

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TURBOFAC Commentary (462 words)

Notes:

EO 13059 is the fourth of six EOs [1] that inform the prohibitions and scope of the ITSR. This EO builds on the import (EO 12613) and petroleum-related transaction prohibitions (EO 12957) of earlier EOs, and reformulates and adds to the scope of prohibitions introduced by EO 12959.[2]

The particular wording of this EO is responsible for some of the primary ways in which the ITSR prohibitions are quirky relative to other broad IEEPA-based embargoes, such as the now-revoked Sudan embargo, the North Korea embargo, the Syria (partial) embargo and the Crimea embargo.

For example, the provision of the ITSR (560.206) prohibiting "any transaction or dealing in or related to...Goods or...