The Treasury’s Office of Foreign Assets Control renewed a general license that authorizes certain transactions with Nynas AB, a joint venture between biofuel producer Neste and Petroleos de Venezuela, Venezuela's state-run oil company. General License No. 13D, which replaces No. 13C, authorizes transactions with Nynas AB and any of its subsidiaries until April 14, 2020. The license was scheduled to expire Oct. 25.
The European Union Council adopted a framework for sanctions against Nicaragua for human rights abuses, “repression of civil society” and the undermining of democracy, the council said in an Oct. 14 press release. The sanctions framework includes travel bans, asset freezes and block payments and loans to designated people or entities.
The European Union Council said Turkey should be sanctioned for its “illegal drilling activities” near Cyprus, calling on the EU’s High Representative and the European Commission to “swiftly present proposals.” The council said the Commission should adopt a “framework regime of restrictive measures” targeting those responsible for the drilling. Cyprus condemned Turkey's drilling in an Oct. 4 statement and backed the EU’s decision to consider sanctions.
The Treasury’s Office of Foreign Assets Control sanctioned two South Sudan businessmen and six entities for involvement in corruption -- including bribes, kickbacks and procurement fraud -- with senior government officials, Treasury said in an Oct. 11 press release. The two men, Ashraf Seed Ahmed Al-Cardinal and Kur Ajing Ater, were designated under the Global Magnitsky Human Rights Accountability Act. The sanctioned companies include five owned by Al-Cardinal and one owned by Ajing.
The Treasury’s Office of Foreign Assets Control sanctioned four people involved in a South African corruption network, Treasury said in an Oct. 10 press release. The network “leveraged overpayments on government contracts, bribery, and other corrupt acts” to fund political payments to control government actions, Treasury said. The measures include sanctions on Ajay Gupta, Atul Gupta, Rajesh Gupta and Salim Essa.
Sigal Mandelker, the Treasury’s undersecretary for terrorism and financial intelligence, is resigning to return to the private sector, Treasury Secretary Steven Mnuchin said Oct. 2. In a statement. Mnuchin called Mandelker a “fierce advocate for effectively leveraging our powerful economic tools to make an impact for a safer world,” according to Reuters. Mnuchin said Mandelker made the decision to resign over the summer.
A U.S. manufacturing company disclosed it may have violated U.S. sanctions on Iran, in a filing with the Securities and Exchange Commission. The company, H.B. Fuller, said it voluntarily disclosed the possible violations to the Treasury Department in September 2018 after discovering its subsidiaries in Turkey and India may have sold its products to customers who then resold them to Iran. The possible violations began in Turkey in 2011 and in India in 2014, the company’s Sept. 27 filing said, and involved the resale of “hygiene products.”
The United Kingdom must improve its outreach and guidance to the private sector to make sure its post-Brexit sanctions regime is effective, a task force organized by the Royal United Services Institute said in a September report. The task force, composed of former U.K. sanctions officials, policy experts and private sector representatives, said Britain should review and increase staffing within its sanctions regimes and consider adopting some of the sanctions guidance tools provided by the U.S. Treasury’s Office of Foreign Assets Control, RUSI said.
The Treasury’s Office of Foreign Assets Control sanctioned Russian people, entities and other actors for trying to influence the 2018 U.S. midterm elections, Treasury said in a Sept. 30 press release. The sanctions also increase pressure on Yevgeniy Prigozhin, a previously designated Russian businessman, by sanctioning three of his planes, a yacht and employees of the Internet Research Agency (IRA), which Prigozhin funds, Treasury said.
The Treasury's Office of Foreign Assets Control updated two Venezuelan general licenses related to dealings with certain bonds and securities, OFAC said in a Sept. 30 notice. General License No. 3F is replaced with General License No. 3G, which authorizes dealings with certain Venezuela-related bonds until March 31, 2020. General License No. 9E is replaced with General License No. 9F, which authorizes certain dealings related to Petroleos de Venezuela securities, also until March 31, 2020.