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The U.S. government also enforces stricter restrictions on a more expansive definition of defense items, including the export of any U.S.-origin item that "supports or contributes" to the operation, installation, maintenance, repair, overhaul, refurbishing, development, or production of military items to specified countries.
OFAC is headquartered in the Freedman's Bank Building, located across the street from the Treasury Building in Washington, D.C.. In addition to the Trading with the Enemy Act and the various national emergencies currently in effect, OFAC derives its authority from a variety of U.S. federal laws, particularly the International Emergency Economic Powers Act (IEEPA), regarding embargoes and ...
Economic sanctions or embargoes are commercial and financial penalties applied by states or institutions against states, groups, or individuals. [1] [2] Economic sanctions are a form of coercion that attempts to get an actor to change its behavior through disruption in economic exchange.
United States economic sanctions are administered by the Office of Foreign Assets Control (OFAC), an agency of the United States Department of the Treasury. As of 2017, United States sanctions against Iran include an embargo on dealings with the country by the United States, and a ban on selling aircraft and repair parts to Iranian aviation ...
Azza Air Transport, former Cargo airline, in the SDN List. The Specially Designated Nationals and Blocked Persons List, also known as the SDN List, is a United States government sanctions/embargo measure targeting U.S.-designated terrorists, officials and beneficiaries of certain authoritarian regimes, and international criminals (e.g. drug traffickers).
International sanctions are political and economic decisions that are part of diplomatic efforts by countries, multilateral or regional organizations against states or organizations either to protect national security interests, or to protect international law, and defend against threats to international peace and security.
Political scientist William LeoGrande summarized that, while the embargo against Cuba is 'the oldest and most comprehensive U.S. economic sanctions regime against any country in the world ... [it] has never been effective at achieving its principal purpose: forcing Cuba's revolutionary regime out of power or bending it to Washington's will ...
A spacecraft subject to the EAR that is not eligible for an exception (i.e. spacecraft that provide space-based logistics, assembly or servicing of any spacecraft) to a person in or a national of any other country; or; Any other spacecraft subject to the EAR to a person in or a national of a country subject to a US arms embargo (group D:5). [13]