C.F.R. » Title 31 » CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY › PART 561—IRANIAN FINANCIAL SANCTIONS REGULATIONS › Subpart C—General Definitions

31 C.F.R. § 561.328

Reduce significantly, significantly reduced, and significant reduction

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The terms reduce significantly,significantly reduced, and significant reduction, used with respect to purchases from Iran of petroleum and petroleum products, include a reduction in such purchases in terms of price or volume toward a complete cessation of such purchases.

[78 FR 16408, Mar. 15, 2013]