Reduce significantly, significantly reduced, and significant reduction.

  1. Law
  2. CFR 31
  3. Money and Finance: Treasury
  4. Regulations Relating to Money and Finance
  5. Office of Foreign Assets Control, Department of the Treasury
  6. Iranian Financial Sanctions Regulations
  7. General Definitions
  8. Reduce significantly, significantly reduced, and significant reduction.

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§ 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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