Statutes, codes, and regulations
Code of Federal Regulations
Title 31 - MONEY AND FINANCE: TREASURYSubtitle B - REGULATIONS RELATING TO MONEY AND FINANCEChapter V - OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURYPart 561 - IRANIAN FINANCIAL SANCTIONS REGULATIONS
Subpart C - GENERAL DEFINITIONS
Section 561.328 - Reduce significantly, significantly reduced, and significant reduction

31 C.F.R. § 561.328

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Current through September 30, 2024
Section 561.328 - Reduce significantly, significantly reduced, and significant reduction

The terms reduce significantly,significantly reduced, and significant reduction, used with respect to purchases from Iran of petroleum and petroleum products, include a reduction in such purchases in terms of price or volume toward a complete cessation of such purchases.

31 C.F.R. §561.328

78 FR 16408, Mar. 15, 2013