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U.S. defends permits for Iran deals in sanctioned nations

• Reuters

The Treasury Department on Thursday defended its issuance of special licenses for American companies to do business with Iran and other blacklisted nations, in response to a New York Times report on deals made despite sanctions and trade embargoes.

An examination by the newspaper found the Treasury Department's Office of Foreign Assets Control has made nearly 10,000 exceptions to U.S. sanctions rules over the past decade.

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