Publication:
Karim Hemmati, chairman of the Iranian Red Crescent Society (ICRS), announced that the U.S. Treasury Department has approved a new financial channel for the transfer of humanitarian aid to Iran. The channel allows the ICRS to receive funds that U.S. economic sanctions had previously blocked. This marks the first time since the United States reimposed sanctions on Iran in 2018 that Iran can receive aid in the form of foreign exchange funds. Under the arrangement, according to Hemmati, the U.S. Treasury would not object to such donations by individuals or legal entities as long as the donors are not U.S. citizens. Charitable donations to Iran still require a special license from the Treasury Department.
