The Biden administration plans to let the Treasury Department’s general license for transactions with Venezuela’s state-owned energy company expire April 18 because the South American country has not fully met its democratic commitments, the State Department announced April 17.
The U.S. announced new export controls and sanctions against Iran, as well as new export controls against Russia intended to address Iran’s support for Russia’s drone program, in response to Iran’s attack on Israel on April 13.
The Office of Foreign Assets Control said April 16 that it’s issuing a final rule to remove the Zimbabwe sanctions regulations from the Code of Federal Regulations. OFAC said it’s taking the action because President Joe Biden on March 4 terminated the 2003 national emergency declaration for Zimbabwe (see 2403040039). The final rule will take effect upon publication in the Federal Register April 17.
The Office of Foreign Assets Control on April 15 issued new sanctions against 12 entities and 10 people for helping Belarus evade U.S. sanctions and support Russia’s “illegal” invasion of Ukraine.
OverRuled, a research platform managed by Akin Gump focused on government regulatory and enforcement data, has acquired sanctions guidance research system Turbofac, Akin Gump said last week. The firm said Turbofac, a database that compiles guidance statements and other documents from the Office of Foreign Assets Control, will make OverRuled an “essential one-stop-shop for sanctions professionals globally.” The terms of the deal weren’t disclosed.
The Office of Foreign Assets Control on April 12 removed Bosnia and Herzegovina businessman Slobodan Stankovic and his Republika Srpska-based engineering firm, Integral Inzenjering, from the Specially Designated Nationals List. The agency sanctioned Stankovic in 2022 for ties to corruption (see 2210030015). OFAC didn’t release more information about the delistings, but news reports indicate Stankovic died last year.
The U.S. and the EU last week announced coordinated sanctions against Hamas by targeting people and entities with ties to the terror group.
The U.S. and the U.K. on April 12 expanded certain restrictions on Russia-related metals, including a new services ban on Russian aluminum, copper and nickel.
The Federal Aviation Administration has made some progress in developing an approach to routinely check Office of Foreign Assets Control sanctions data and flag sanctioned people and entities across its aircraft registration and dealer systems, the Government Accountability Office said April 9.
The Biden administration isn't ready to say whether it plans to formally designate Venezuela’s largest criminal gang, Tren de Aragua, a transnational criminal organization, a State Department official said at an April 11 congressional hearing.