Regulatory Alerts2025-10-01 | 2025-19120Publication of Iranian Transactions and Sanctions Regulations Web General License
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) published General License R to authorize specific transactions otherwise prohibited by Executive Order 13902. This license permits limited safety, environmental, and cargo offloading activities involving certain blocked vessels and persons, provided these actions occur outside Iran and Russia and payments are made into blocked interest-bearing accounts in the United States. The authorization remains valid until October 1, 2025, and explicitly prohibits the entry into new commercial contracts or any other transactions not specifically covered by the general license.
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