Sanctions
The sanctions which the US imposes on countries on the list are:
- 1. A ban on arms-related exports and sales.
- 2. Controls over exports of dual-use items, requiring 30-day Congressional notification for goods or services that could significantly enhance the terrorist-list country's military capability or ability to support terrorism.
- 3. Prohibitions on economic assistance.
- 4. Imposition of miscellaneous financial and other restrictions, including:
- Requiring the United States to oppose loans by the World Bank and other international financial institutions;
- Lifting diplomatic immunity to allow families of terrorist victims to file civil lawsuits in U.S. courts;
- Denying companies and individuals tax credits for income earned in terrorist-listed countries;
- Denial of duty-free treatment of goods exported to the United States;
- Authority to prohibit any U.S. citizen from engaging in a financial transaction with a terrorist-list government without a Treasury Department license; and
- Prohibition of Defense Department contracts above $100,000 with companies controlled by terrorist-list states.
Read more about this topic: State Sponsors Of Terrorism