OFAC Final Rule Amends Sudan Sanctions Regs to for South Sudan Petrol Activities, Service Imports, Etc.
The Department of the Treasury’s Office of Foreign Assets Control has issued a final rule, effective December 8, 2011, that amends the Sudanese Sanctions Regulations by issuing two general licenses that authorize all activities and transactions relating to the petroleum and petrochemical industries in the Republic of South Sudan and related financial transactions and the transshipment of goods, technology, and services through Sudan to or from the Republic of South Sudan and related financial transactions.
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OFAC also is amending an existing general license to broaden its authorization with respect to the importation of certain Sudanese-origin services and to add an authorization for activities related to Sudanese persons’ travel to the U.S. Lastly, OFAC is making technical changes to the Sudanese Sanctions Regulations, including changes to reflect the formation by Southern Sudan of the independent state of the Republic of South Sudan on July 9, 2011.
(FR Pub 12/08/11)
OFAC Resource Center posting and link to fact sheet (dated 12/08/11) available here.