Economic Sanctions

OFAC Updates

North Korea Designations; Publication of North Korea Vessel Advisory

OFAC has updated its SDN List. Please visit the URL below to view this action
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Posted: February 23, 2018, 2:30 pm

Counter Terrorism Designation

OFAC has updated its SDN List. Please visit the URL below to view this action
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Posted: February 20, 2018, 5:00 pm

Kingpin Act Designations; Counter Narcotics Designations Removals

OFAC has updated its SDN List. Please visit the URL below to view this action
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Posted: February 14, 2018, 2:30 pm

Publication of Quarterly Reports of Licensing Activity​

OFAC is publishing Quarterly Reports of Licensing Activities pursuant to Section 906(b) of the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA), covering activities undertaken by the Treasury Department's Office of Foreign Assets Control (OFAC) under Section 906(a)(1) of the TSRA from October 2016 through December 2017. Under the procedures established in its TSRA-related regulations, OFAC processes license applications requesting authorization to export agricultural commodities, medicine, and medical devices to Iran and Sudan under the specific licensing regime set forth in Section 906 of the TSRA.
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Posted: February 13, 2018, 3:00 pm

Publication of new Venezuela-related Frequently Asked Questions

Today, the Department of the Treasury's Office of Foreign Assets Control is publishing two new Venezuela-related frequently asked questions (FAQs). The FAQs provide additional guidance on the debt-related prohibitions in Executive Order (E.O.) 13808, including the meaning of “new debt” for the purposes of E.O. 13808 and the receipt of certain late payments from the Government of Venezuela, including Petroleos de Venezuela, S.A. (PdVSA).
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Posted: February 12, 2018, 5:30 pm
EU Sanctions Update

How Russia bypasses sanctions and buys foreign equipment for Crimea

It was not reported (they could be produced both in Japan and in Europe) about their previous place. However, Japan did not explicitly prohibit its companies from cooperating with Russia and Crimea, but it did introduce certain sanctions against persons related to the Crimea and Donbas. Some wine ...
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Posted: February 23, 2018, 4:18 pm

The Russian Stooge Who Squeezed Russia

... could result in U.S. sanctions. The mere threat of American financial pressure has already focused minds and compelled a rethink among foreign leaders who had lined up for toy-shopping in Moscow. That's according to an unnamed senior U.S. official quoted by Radio Free Europe/Radio Liberty.
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Posted: February 23, 2018, 2:26 pm

British Foreign Secretary calls for sustaining Crimea-related sanctions against Russia

This was the first case of forceful change of borders in Europe after 1945, reminds the head of the British Foreign Office. “Russia at the same time violated so many international legal acts that listing everything is a real challenge. As an example, you can name 2 articles of the Charter of the United ...
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Posted: February 23, 2018, 12:22 pm

Europeans look for a way to preserve nuclear deal while punishing Iran and satisfying Trump

When French President Emmanuel Macron called last week for new international sanctions and “surveillance” over Iran's ballistic missile program, there was one person in particular he hoped was listening. France, Germany and Britain have been scrambling for months to convince President Trump that ...
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Posted: February 23, 2018, 12:00 pm

In a blow to Trump, Europe seeks gas supplies from Iran

Last month, the US president suspended nuclear-related sanctions on the Islamic Republic for another 120 days. However, he said Washington would abandon the agreement if European signatories did not agree to modify part of it. Trump is seeking an additional agreement to limit Iran's uranium ...
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Posted: February 23, 2018, 6:56 am
Other Sanctions

Trump administration hits North Korea with new set of sanctions

The United States announced a new set of sanctions on North Korea on Friday. The sanctions are specifically aimed at 27 entities, 28 vessels, and one lone individual accused of shipping goods illegally to North Korea and helping further leader Kim Jong Un's nuclear weapons program. In a statement ...
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Posted: February 23, 2018, 5:48 pm

White House announces 'largest ever' sanctions against N. Korea

“Today I am announcing that we are launching the largest-ever set of new sanctions on the North Korean regime,” Trump said in a speech to a conservative political conference, advance excerpts of which were provided by the White House. The new measures target 56 vessels, shipping companies and ...
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Posted: February 23, 2018, 5:37 pm

Trump Announces 'Heaviest Ever' Sanctions on North Korea

U.S. President Donald Trump has announced what he says is the “heaviest ever” set of sanctions against North Korea, as part of what the White House bills as its “maximum pressure” campaign against Pyongyang. “We have imposed the heaviest sanctions ever imposed,” Trump said during a Friday ...
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Posted: February 23, 2018, 5:15 pm

Trump Slaps North Korea With 'Largest-Ever' Sanctions, But Kim Jong Un Is Unlikely to Stop ...

President Trump announced Friday that the U.S. is introducing a new set of sanctions against its foe North Korea that will be the “largest ever.” The new sanctions are “aimed at disrupting North Korean shipping and trading companies and vessels to further isolate the regime and advance the U.S. ...
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Posted: February 23, 2018, 5:13 pm

Trump Declares New Shipping Sanctions On North Korea

President Trump speaks on the South Lawn of the White House on Friday shortly before he announced new sanctions against North Korea. The measures are designed to prevent shipping companies from evading existing measures by sending prohibited goods to the country. Andrew Harnik/AP hide ...
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Posted: February 23, 2018, 5:03 pm