U.S. Expands and Tightens its Economic Sanctions Against Sudan, Etc.
The White House and the Treasury Department's Office of Foreign Assets Control have issued a fact sheet and press release which provide details on the expanded and tightened economic sanctions against Sudan1, in response to its repeated violations of human rights and support for international terrorism.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
OFAC Enforcement of Sanctions Stepped Up, Companies/Individuals Designated
According to a press release from the OFAC, the U.S. has expanded and strengthened its sanctions against Sudan as follows:
effective May 29, 2007, OFAC has designated three individuals and one company under Executive Order (EO) 13400, which targets those who commit atrocities and prompt instability in Darfur;
effective May 29, 2007, OFAC has designated 30 companies owned or controlled by the Government of Sudan to the list of Specially Designated Nationals under EOs 13067 and 13412; and
OFAC has stepped up enforcement of the Sudanese sanctions across the board.
OFAC notes that all of the individuals and companies designated are cut off from the U.S. financial system. They may not do business with U.S. individuals or companies located anywhere in the world, and any of their assets that do come into the possession of a U.S. person or institution may be frozen.
Secretary Of State to Work Toward New UN Security Council Resolution
According to a White House fact sheet, President has directed the the Secretary of State to consult with the United Kingdom and other allies on a new United Nations Security Council (UNSC) Resolution, which will:
apply new sanctions against the government of Sudan and against individuals found to be violating human rights or obstructing the peace process;
impose an expanded embargo on arms sales to the Government of Sudan;
prohibit Sudan's government from conducting any offensive military flights over Darfur; and
strengthen the international community's ability to monitor and report any violations.
1The U.S. first levied financial sanctions against the Government of Sudan in 1997. In 2005, the UNSC put in place a targeted sanctions regime imposing worldwide financial and travel restrictions against individuals responsible for the crisis in Darfur.
White House fact sheet (dated 05/29/07) available at http://www.whitehouse.gov/news/releases/2007/05/20070529.html
OFAC press release (HP-427, dated 05/29/07) available at http://www.treas.gov/press/releases/hp427.htm.