U.S. Sanctions Impact Trade of Power Transformers with Iran
Recent U.S. sanctions have further restricted trade with Iran, including power transformers under HS Code 8504.23.00 (having a power handling capacity exceeding 2,500 kVA but not exceeding 10,000 kVA). No direct exports or imports have been recorded recently due to these restrictions.
2023-10-15
Impact: Trade remains halted due to sanctions, with no immediate prospects for transactions in this category.
Iran Seeks Alternative Suppliers for Power Equipment Amid U.S. Restrictions
Iran has reportedly turned to non-U.S. markets for power transformers in the 2,500-10,000 kVA range as U.S. trade barriers persist under sanctions imposed by the Office of Foreign Assets Control (OFAC).
2023-09-20
Impact: U.S.-Iran trade in this HS category remains non-existent, pushing Iran to diversify its supply chain.
U.S. Reiterates Ban on High-Capacity Transformer Exports to Iran
The U.S. Department of Commerce reaffirmed export controls on industrial equipment, including power transformers under HS Code 8504.23.00, to Iran as part of broader economic sanctions.
2023-08-05
Impact: Continued embargo ensures zero trade activity between the U.S. and Iran for these goods.