41.   In return for approval, the Commission is believed to be demanding Credit Lyonnais sell-off a number of foreign subsidiaries and non-core assets.

42.   Recanati moved to New York, where he founded and headed foreign subsidiaries of the bank.

43.   The current embargo bans imports directly from Iran, but allows foreign subsidiaries of U.S. companies to handle Iranian oil abroad.

44.   The embargo includes a ban on purchases of Iranian oil by foreign subsidiaries of U.S. companies.

45.   The comment was also a reference to oil firms that circumvent U.S. sanctions against Iran by having their foreign subsidiaries purchase Iranian crude for delivery to non-U.S. customers.

46.   The executive order did not stop American companies from buying Iranian oil through foreign subsidiaries and selling it abroad.

47.   The United States has banned trade with Iran, including purchases of oil by U.S. companies or their foreign subsidiaries.

48.   The US bill, adopted last Thursday, will close loopholes in the current embargo by prohibiting trade and investment through foreign subsidiaries.