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U.S. winding down transactions in Iran

The U.S. Treasury Department will allow for a 90-day period to wind down transactions in certain sectors of Iran's economy hit with fresh U.S. sanctions last week.
 
The period, good through April 9, allows transactions in the construction, mining, manufacturing or textiles sectors of Iran's economy that could be targeted under last week's action, to be wound down without exposure to sanctions.
 
However, the department says entering into new business that falls under the sanctions would not be considered winding down and could still be sanctionable.
 
The United States imposed more sanctions on Iran in retaliation for its missile attack on U.S. forces in Iraq last week.


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