Director to each appropriate international financial institution to use the voice and vote of the United States to oppose the extension by the institution of any loan or financial assistance to the foreign state. (D) The President may prohibit the exportation to the foreign state of any item on the United States Munitions List established pursuant to section 38 of the Arms Export Control Act ( 22 U.S.C. 2778 ) or the Commerce Control List set forth in Supplement No. 1 to part 774 of title 15, Code of Federal Regulations. (e) Implementation The President may exercise all authorities provided under sections 203 and 205 of the International Emergency Economic Powers Act ( 50 U.S.C. 1702 and 1704) to carry out this section. (f) Exemptions, waivers, and removals of sanctions and designations (1) Exemptions (A) Mandatory exemptions The following activities shall be exempt from sanctions under subsections (b), (c), and (d): (i) Activities subject to the reporting requirements of title V of the National Security Act of 1947 ( 50 U.S.C. 3091 et seq.), or to any authorized intelligence activities of the United States. (ii) Any transaction necessary to comply with— (I) United States obligations under— (aa) the Agreement between the United Nations and the United States of America regarding the Headquarters of the United Nations, signed June 26, 1947, and entered into force on November 21, 1947