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U.S. Sanctions Against Sudan to be Lifted *Update*
10 October 2017 *Update*
On 6 October 2017 the U.S. State Department announced that, effective from 12 October 2017, the U.S. sanctions against Sudan imposed under E.O.s 13067 and 13412 will be revoked.
More details can be found in the client alert issued by Freehill, Hogan & Mahar LLP on 10 October 2017 which can be read here.
1 August 2017
The temporary lifting of US sanctions against Sudan has been extended until 12 October 2017.
The Executive Order signed by President Obama in January temporarily relieved Sudan of US sanctions and a permanent revocation of sanctions was expected on 12 July 2017. However, President Trump has issued an Executive Order to extend the period of temporary relief and means that the US sanctions have not been formally revoked.
More details can be found in the client alert issued by Freehill, Hogan & Mahar LLP which can be read here.
18 January 2017
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.
