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Progress V

On the SDN listVesselIRAN-EO13846

Progress V (vessel) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Program: IRAN-EO13846. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

Sanctions program

Iran: reimposed sanctions (Executive Order 13846) IRAN-EO13846

August 2018 order that reimposed sanctions on Iran after the U.S. left the nuclear deal, including those related to petroleum, shipping, automotive and precious metals.

Addresses on file

OFAC remarks

Vessel Registration Identification IMO 9316701; MMSI 314939000; Linked To: BRECALIN HONG KONG CO LTD.

Frequently asked questions

What does it mean that Progress V is on the SDN list?

It means that its property and interests in property under U.S. jurisdiction are blocked and U.S. persons are generally prohibited from dealing with this entity. Entities it owns 50% or more of, directly or indirectly, are also considered blocked.

Can a non-U.S. company do business with Progress V?

OFAC sanctions bind U.S. persons and companies, as well as transactions that pass through the U.S. financial system (for example, U.S. dollar payments). Some programs, such as those for Russia and Iran, include secondary sanctions on non-U.S. persons. Seek advice before transacting.

How does an entity get removed from the SDN list?

A sanctioned party can petition OFAC for removal by showing a change in circumstances. OFAC publishes removals on its website; DataCloud USA updates the list daily and marks the profiles of delisted parties.

More context: how to check if a company is debarred or sanctioned.