Iran General License AA - Authorizing Certain Activities Involving La Nivernaise De Raffinage SAS

Date issued: Aug. 24 2026

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TURBOFAC Commentary (145 words)

Notes:

1) This is a standard wind-down general license, authorizing the processing of underlying transactions that may not involve U.S. persons (see e.g., FAQ 807), but not including authorizations for the "maintenance" of activities.

2) With respect to the scope of the typical "wind-down" GL, consult the relevant portions of Examples of Transactions Deemed to be, and not to be, Within the Scope of the Standard "Wind-down" and "Maintenance" GLs.

3) Note that the entity at issue here is a French entity blocked due to ownership by a different SDN, such that the warning that the “general license does not authorize any transactions otherwise prohibited by E.O. 13902, including transactions involving any person blocked pursuant to E.O. 13902 other than the blocked persons described in...