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Background

On August 24, 2026, OFAC issued GL AA to authorize certain transactions otherwise prohibited by Executive Order (E.O.) 13902 of January 10, 2020, “Imposing Sanctions With Respect to Additional Sectors of Iran” (85 FR 2003, January 14, 2020) that are ordinarily incident and necessary to the wind down of transactions, or maintenance of operations, involving certain entities through 12:01 a.m. eastern daylight time, October 23, 2026. OFAC also issued GL BB to authorize, through 12:01 a.m. eastern daylight time, September 8, 2026, certain transactions otherwise prohibited by the Iranian Transactions and Sanctions Regulations (ITSR), 31 CFR part 560, that are ordinarily incident and necessary to the wind down of transactions that were previously authorized by the general licenses listed in GL BB. These GLs were made available on OFAC's website ( ofac.treasury.gov) when they were issued. The text of these GLs is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13902 of January 10, 2020

(“Imposing Sanctions With Respect to Additional Sectors of Iran”)

GENERAL LICENSE AA

Authorizing Certain Activities Involving La Nivernaise De Raffinage SAS

(a) Except as provided in paragraph (b) of this general license, all transactions prohibited by Executive Order (E.O.) 13902 that are ordinarily incident and necessary to the wind down of any transaction, or the maintenance of operations, contracts, or other agreements in effect as of August 24, 2026, involving La Nivernaise De Raffinage SAS (“LNR”), or any entity in which LNR owns, directly or indirectly, a 50 percent or greater interest, are authorized through 12:01 a.m. eastern daylight time, October 23, 2026.

(b) This general license does not authorize any transactions otherwise prohibited by E.O. 13902, including transactions involving any person blocked pursuant to E.O. 13902 other than the blocked persons described in paragraph (a) of this general license, unless separately authorized.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

Dated: August 24, 2026.

OFFICE OF FOREIGN ASSETS CONTROL

Iranian Transactions and Sanctions Regulations

31 CFR Part 560

GENERAL LICENSE BB

Authorizing the Wind Down of Certain Transactions Previously Authorized Under the Iranian Transactions and Sanctions Regulations

(a) Except as provided in paragraph (b), all transactions prohibited by the Iranian Transactions and Sanctions Regulations, 31 CFR part 560 (the ITSR), that are ordinarily incident and necessary to the wind down of any transaction previously authorized by one or more of the following general licenses are authorized through 12:01 a.m. eastern daylight time, September 8, 2026, provided that any payment to a blocked person is made into a blocked interest-bearing account located in the United States in accordance with the ITSR:

(1) 31 CFR 560.544 (“Certain educational activities by U.S. persons in third countries authorized”);

(2) 31 CFR 560.550 (“Certain noncommercial, personal remittances to or from Iran authorized”);

(3) 31 CFR 560.554 (“Importation and exportation of services related to conferences in the United States or third countries authorized”);

(4) Iran General License F (“Authorizing certain services in support of professional and amateur sports activities and exchanges involving the United States and Iran”); or

(5) Iran General License G (“Certain academic exchanges and the exportation or importation of certain educational services authorized”).

(b) This general license does not authorize any other transactions or activities prohibited by the ITSR, any other Executive order, or any other part of 31 CFR chapter V, unless separately authorized.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

Dated: August 24, 2026.

91 FR 55265