GroundRules
31 CFR 561.328: Reduce significantly, significantly reduced, and significant reduction.
Where this section sits in the code
- Title 31—Money and Finance: Treasury
- Subtitle B—Regulations Relating to Money and Finance
- CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
- PART 561—IRANIAN FINANCIAL SANCTIONS REGULATIONS
- Subpart C—General Definitions
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.
Collected 2026-08-27T02:25:25Z. Source file · JSON