State Department ends Iran sanctions waiver

Secretary of State Pompeo announced yesterday the end of the sanctions waiver covering all remaining JCPOA-originating nuclear projects in Iran – the Arak reactor conversion, the provision of enriched uranium for the Tehran Research Reactor, and the export of Iran’s spent and scrap research reactor fuel. The sanctions waiver covering these activities will end following a final, 60-day wind-down period allowing companies and entities involved in these activities to cease their operations.

Secretary Pompeo also announced the designation of Majid Agha’i and Amjad Sazgar pursuant to E.O. 13382 for engaging or attempting to engage in activities that have materially contributed to, or pose a risk of materially contributing to, the proliferation of weapons of mass destruction. Identification information for these individuals can be found in BankersOnline's OFAC Update.