Imposing Sanctions With Respect to the Iron, Steel, Aluminum, and Copper Sectors of Iran

May 10, 2019

Summary

Blocks property and stops business with Iran's metal industries to cut off money used for harmful activities like terrorism and building weapons.

What problem does this solve?

The United States believes Iran uses money from its metal industries to fund weapons, terrorism, and military actions. This order stops people and companies from doing business with Iran's iron, steel, aluminum, and copper industries to cut off that money.

What does this order do?

Blocks property of those involved in Iran's metal sectors

Freezes all property and money in the U.S. for any person or company that operates in, owns, or supports Iran's iron, steel, aluminum, or copper industries.

Punishes foreign banks that help Iran's metal trade

Allows the Secretary of the Treasury to stop foreign banks from using U.S. accounts if they handle large money transfers related to Iran's metal industries.

Bans sanctioned individuals from entering the U.S.

Stops any person who is sanctioned under this order from entering the United States, either as an immigrant or for a temporary visit.

Prohibits donations to sanctioned people

Forbids making donations of certain items to any person or group whose property is blocked by this order.

Who does this affect?

The Government of Iran
Global metal and financial industries
Iranian citizens working in the metal sectors

What is the real world impact?

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Cuts off funding for harmful activities

Aims to stop Iran from using money earned from its metal industries to pay for dangerous weapons, support terrorist groups, or expand its military in the Middle East.

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Pressures Iran through economic means

Uses economic penalties as a tool to change Iran's behavior on the world stage, avoiding direct military action but potentially affecting international trade and relations with other countries.

When does this start?

This order takes effect immediately on May 8, 2019.