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U.S. Sanctions Against Sudan to be Lifted
On January 13 2017 President Obama issued an Executive Order (EO) which will permanently revoke the sanctions against Sudan on 12 July 2017, provided that Sudan has sustained certain positive actions achieved in the last six months.
In conjunction with the new EO, the Office of Foreign Asset Control (OFAC) has issued a general license immediately authorising all transactions which were prohibited by the Sudanese Sanctions Regulations (SSR).
A copy of the U.S. Government’s Executive Order can be accessed by clicking here.
The U.S. Treasury Department fact sheet can be accessed by clicking here.
Details of the sanctions relief, the remaining Darfur related sanctions and cautionary notes are set out in the Freehill Hagan & Mahar LLP client alert and can be accessed by clicking here.
