Treasury Lists Countries Cooperating With International Boycott
The Department of the Treasury on Oct. 13 issued a current list of countries that require or may require participation in, or cooperation with, an international boycott. The list includes Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, the United…
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Arab Emirates and Yemen, unchanged from the previous iteration of the list. Treasury added that it is “monitoring the situation” in the UAE, which has announced that it issued a decree repealing its boycott of Israel. According to a Baker McKenzie Sanctions & Export Controls Update blog post on Sept. 21, while the UAE action “may eventually result in changes to the Commerce Regulations and Treasury Rules to reflect the UAE’s repeal of the boycott, this has not happened yet, and it could be some time before any changes occur.”