The Office of Foreign Assets Control published a list this week of medical devices that are prohibited from being exported or reexported to North Korea under an OFAC general license that allows for certain exports of medicine, medical devices, agricultural goods and more. The export or reexport of the notice's list of medical devices to North Korea are excluded from the scope of the license and require specific authorization from OFAC, the agency said. The list includes general medical supplies and equipment, such as oxygen generators, as well as specific lab equipment, such as nuclear magnetic resonance spectrometers.
The Office of Foreign Assets Control this week removed sanctions from two people who were originally designated for their ties to Russia's financial sector.
The Office of Foreign Assets Control this week renewed two Russia-related general licenses that authorize certain transactions related to crude oil originating from the Sakhalin-2 project and certain transactions with Russian entities related to civil nuclear energy.
The Office of Foreign Assets Control this week updated seven Venezuela-related general licenses, including by revising language that governs how contracts executed under those licenses are governed.
The Office of Foreign Assets Control sanctioned nine people and entities in mainland China and Hong Kong this week, saying they have helped Iran's military procure weapons.
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The Office of Foreign Assets Control on June 5 issued another round of sanctions against people, entities and vessels for shipping Iranian energy, including a network moving Iranian liquid petroleum gas disguised as gas from Oman to customers in Asia. OFAC said the network used front companies in the United Arab Emirates and China, Iranian shadow fleets and foreign bank accounts to move millions of barrels of gas while evading U.S. sanctions.
The U.S. on June 4 designated five Cuban officials, including the country's president, and five Cuban entities under President Donald Trump's May executive order that expanded Cuba sanctions authorities (see 2605010040). The designations include the Cuban Ministry of the Revolutionary Armed Forces, the Cuban Institute of Friendship with the Peoples, Amistur Cuba and Committees for the Defense of the Revolution. The U.S. also sanctioned Cuban President Miguel Díaz-Canel Bermudez and other officials who the State Department said "advance the regime’s threats to U.S. national security."
The Office of Foreign Assets Control this week sanctioned Nobitex, Iran’s largest digital asset exchange, along with three other Iranian digital asset exchanges and their executives.
Export Compliance Daily is providing readers with the top stories from last week, in case you missed them. You can find any article by searching for the title or clicking on the hyperlinked reference number.