Tag: US Sanctions

The Standard P&i Club informs that President Obama signed an Executive Order (E.O.) last week which will revoke sanctions against Sudan on 12 July 2017, if the Government of Sudan sustains positive actions it has taken over the last six months.

Following the recent adoption of a further resolution against North Korea in the United Nations, in addition to unilateral sanctions against the country by Japan and South Korea, the United States itself announced additional sanctions against North Korea on December 12, 2016.

The US has long maintained sanctions against Cuba which include a ban on vessels calling in US waters for 180 days after having traded to Cuba. The West of England P&I Club says this prohibition has been amended so that a wider range of non-US vessels may now call at Cuba and then proceed directly to the US.

The US has passed the Sanctions and Policy Enhancement Act of 2016 (H.R. 757), which maintains existing sanctions and additionally imposes more strict licensing requirements for the export or re-export to North Korea of any US origin goods, software, or technology, and imposes targeted sanctions on persons deemed to engage in certain types of activities related to North Korea’s nuclear proliferation, money laundering, as well as its efforts to undermine cyber security.

The Britannia P&I Club has issued an article regarding the current 26 US sanctions programmes administered by OFAC

Additional US Sanctions with respect to Iran