[Federal Register Volume 75, Number 197 (Wednesday, October 13, 2010)]
[Notices]
[Page 62916]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-25734]


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DEPARTMENT OF STATE

[Public Notice 7197]


Persons and Entities on Whom Sanctions Have Been Imposed Under 
the Iran Sanctions Act of 1996

AGENCY: Department of State.

ACTION: Notice.

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SUMMARY: The Secretary of State has determined that the Naftiran 
Intertrade Company (NICO) has engaged in a sanctionable investment 
described in section 5(a)(1) of the Iran Sanctions Act of 1996 (ISA) 
(50 U.S.C. 1701 note) and that certain sanctions should be imposed as a 
result.

DATES: Effective Date: October 13, 2010.

FOR FURTHER INFORMATION CONTACT: On general issues: Norman Galimba, 
Office of Terrorism Finance and Economic Sanctions Policy, Department 
of State, Telephone: (202) 647-9813. For U.S. Government procurement 
ban issues: Kimberly Triplett, Office of the Procurement Executive, 
Department of State, Telephone: (703) 875-4079.

SUPPLEMENTARY INFORMATION: Pursuant to the authority delegated to the 
Secretary of State in the Presidential Memorandum of November 21, 1996, 
61 FR 64249 (the ``Delegation Memorandum''), the Secretary has 
determined that NICO has engaged in a sanctionable investment described 
in section 5(a) of the ISA, as in effect on the day before the date of 
enactment of the Comprehensive Iran Sanctions, Accountability, and 
Divestment Act of 2010 (``CISADA''). Pursuant to section 5(a) of the 
ISA and the Delegation Memorandum, and consistent with section 
102(h)(2) of CISADA, the Secretary has determined to impose on NICO the 
following sanctions described in section 6 of the ISA:
    1. Export-Import Bank assistance for exports to sanctioned persons. 
The Export-Import Bank of the United States shall not give approval to 
the issuance of any guarantee, insurance, extension of credit, or 
participation in the extension of credit in connection with the export 
of any goods or services to NICO.
    2. Export sanction. The United States Government shall not issue 
any specific license and shall not grant any other specific permission 
or authority to export any goods or technology to NICO under--
    a. The Export Administration Act of 1979 (50 U.S.C. Appx. 
Sec. Sec.  2401 et seq.);
    b. The Arms Export Control Act (22 U.S.C. 2751 et seq.);
    c. The Atomic Energy Act of 1954 (42 U.S.C. 2011 et seq.); or
    d. Any other statute that requires the prior review and approval of 
the United States Government as a condition for the export or reexport 
of goods or services.
    3. Loans from United States financial institutions. United States 
financial institutions shall be prohibited from making loans or 
providing credits to NICO totaling more than $10,000,000 in any 12-
month period unless NICO is engaged in activities to relieve human 
suffering and the loans or credits are provided for such activities.
    4. Procurement sanction. The United States Government shall not 
procure, or enter into any contract for the procurement of, any goods 
or services from NICO.

These sanctions shall remain in effect until otherwise directed 
pursuant to the provisions of the ISA or other applicable authority. 
Pursuant to the authority delegated to the Secretary of State in the 
Delegation Memorandum, relevant agencies and instrumentalities of the 
United States Government are hereby directed to take all appropriate 
measures within their authority to carry out the provisions of this 
notice.

    Dated: October 5, 2010.
Deborah McCarthy,
Acting Assistant Secretary of State for Economic, Energy and Business 
Affairs, Department of State.
[FR Doc. 2010-25734 Filed 10-12-10; 8:45 am]
BILLING CODE 4710-08-P