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News Brief

  4/3/2014, Nissan 3, 5774

U.S. Treasury: Companies Are Not Yet Dealing with Iran


The top U.S. Treasury Department official responsible for sanctions on Iran said on Wednesday there is no evidence that any companies are taking advantage of the preliminary nuclear agreement by reaching new deals in that country.

Speaking at a Senate hearing, Treasury Under Secretary David Cohen said, according to Reuters, "We have not seen companies anywhere — Europe, the Gulf, Asia — trying to take advantage of this ... narrow opening, the quite limited suspensions of the sanctions to get into the Iranian market, enter into business deals that would otherwise be sanctionable."