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Electronic Code of Federal Regulations

e-CFR data is current as of November 7, 2019

Title 31Subtitle BChapter VPart 561Subpart C → §561.328


Title 31: Money and Finance: Treasury
PART 561—IRANIAN FINANCIAL SANCTIONS REGULATIONS
Subpart C—General Definitions


§561.328   Reduce significantly, significantly reduced, and significant reduction.

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.

[78 FR 16408, Mar. 15, 2013]

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