OFAC Expands Iranian Authorized Medical Supply List, Issues Clarifying Guidance
The U.S. Department of Treasury’s Office of Foreign Assets Control has just expanded the list of authorized medical supplies for export or re-export to Iran under an existing general license. Newly authorized medical supplies include electrocardiography machines (EKGs), electroencephalography machines (EEGs) and dialysis machines, as well as other equipment used by hospitals and clinics. See source document below for the entire list of medical supplies authorized under an existing general license.
OFAC also issued clarifying guidance on existing broad authorizations and exceptions applicable to the sale of food, agricultural commodities, medicine and medical devices by non-U.S. persons to Iran. According to OFAC’s “Clarifying Guidance: Humanitarian Assistance and Related Exports to the Iranian People,” foreign financial institutions may process transactions for the purchase of humanitarian goods including food, agricultural commodities, medicine and medical devices, using funds in Central Bank of Iran accounts without being subject to U.S. sanctions.
According to Treasury, these actions reinforce efforts to ensure that sanctions of Iran do not impede humanitarian imports. “Even as we continue to implement and enforce our rigorous sanctions regime against Iran, we are committed to safeguarding legitimate humanitarian trade” said Treasury Under Secretary for Terrorism and Financial Intelligence David S. Cohen.