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Issuance of New Iraq-Related Executive Order


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Issuance of New Iraq-Related Executive Order

5/27/2014

 

LINK:

http://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/21040527.aspx

 

 

The President signed an Executive Order (E.O.), "Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property

Pursuant to Executive Order 13303, as Amended," terminating the prohibitions contained in Executive Order 13303 of May 22,2003, as amended,

on any attachment, judgment, decree, lien, execution, garnishment, or other judicial process with respect to the Development Fund for Iraq and Iraqi

petroleum, petroleum products, and interests therein, and the accounts, assets, investments, and other property of the Central Bank of Iraq.

The E.O. does not otherwise affect the national emergency declared in Executive Order 13303, as expanded in scope by Executive Order 13315 of

August 28, 2003, which remains in place and continues as the basis for certain sanctions on the former Iraqi regime, its senior officials and their family 

members, and designated persons who threaten stabilization efforts in Iraq. 

 

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