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On June 11, 2012, President Obama issued a new determination under Section 1245(d)(4) of the National Defense Authorization Act for Fiscal Year 2012 (NDAA) that a “sufficient supply” of petroleum and petroleum products from countries other than Iran continues to exist
On August 10, 2011, the Office of Foreign Assets Control, US Department of the Treasury (OFAC) named the Commercial Bank of Syria, its subsidiary the Syrian Lebanese Commercial Bank, and Syriatel, Syria’s largest mobile phone company, as Specially Designated Nationals (SDNs) under three separate executive orders
