U.S. Department of the Treasury expands medical device sanctions on Iran

The U.S. Department of the Treasury expanded the sanction for the export of medical devices on Thursday to ensure the longstanding sanctions on Iran do not hinder the import of humanitarian aid.

"Today's action to expand the general license for the export of medical devices to Iran reflects an important element of our sanctions policy," Under Secretary for Terrorism and Financial Intelligence David S. Cohen said. "Even as we continue to implement and enforce our rigorous sanctions regime against Iran, we are committed to safeguarding legitimate humanitarian trade."

The Treasury's Office of Foreign Assets Control added hundreds of items to an existing license agreement, which states what can be exported or reexported to Iran. The new authorizations also included expansions on the trade of food, agricultural items, medicine and medical devices.

The expansion allows for medical devices, such as electrocardiography machines, electroencephalography machines, dialysis machines and other items used by hospitals or medical clinics, to be exported to Iran without prior approval from OFAC.

The Treasury and State Departments have also met with foreign pharmaceutical companies and medical supply distributors to ensure all involved parties understand the new sanction regulations. The Government of Iran has made its own regulations as well. All involved parties are having open discussions to ensure the new regulations are understood.