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muriel_volestrangler

(104,022 posts)
3. US companies can't handle their money
Thu Jun 5, 2025, 04:52 PM
Jun 5
As a result of today’s sanctions-related actions, all property and interests in property of the sanctioned persons described above that are in the United States or in possession or control of U.S. persons are blocked and must be reported to the Department of the Treasury’s Office of Foreign Assets Control (OFAC). Additionally, all individuals or entities that are owned, either directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked.

All transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons are prohibited unless authorized by a general or specific license issued by OFAC or exempt. These prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any blocked person and the receipt of any contribution or provision of funds, goods, or services from any such person.

https://www.state.gov/imposing-sanctions-in-response-to-the-iccs-illegitimate-actions-targeting-the-united-states-and-israel/

which I think could mean Mastercard or Visa credit cards might be blocked, even in currencies in their own countries. Maybe accounts with things like Amazon.

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