Obama Administration Lifts Sanctions on Sudan
On Tuesday, January 17, 2017, the Treasury Department’s Office of Foreign Assets Control (OFAC) will publish in the Federal Register a far-reaching amendment to its Sudanese Sanctions Regulations (SSR), 31 CFR Part 538.
While styled as a “general license,” the amendment will have the practical effect of terminating the embargo of Sudan that the US imposed in 1997. Effective July 2017, the relevant Executive Orders will be officially revoked, and the SSR will be repealed in full, unless the incoming Trump Administration decides to the contrary.
Continue reading here for the practical implications of lifting the embargo and additional constraints.