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.
Former National Security Adviser John Bolton said U.S. sanctions are not being enforced effectively and criticized what he said is a lack of U.S. involvement in the Japan-South Korea trade dispute.
A sanctioned shipping company received expedited removal from the Treasury’s sanctions list because of its cooperation, transparency and commitments to the agency, according to a Sept. 25 post by Winston & Strawn.
The Treasury’s Office of Foreign Assets Control sanctioned one entity, three people and five ships for evading U.S. sanctions and delivering jet fuel to Russian forces in Syria, Treasury said Sept. 26.
The Treasury’s Office of Foreign Assets Control on Sept. 25 announced sanctions on two subsidiaries of COSCO Shipping Corporation and clarified that the designation does not apply to their parent company or any of other COSCO affiliates. In total, OFAC announced sanctions on five people and six entities and issued a new Frequently Asked Questions document.
President Donald Trump said he is not planning to impose additional sanctions on North Korea, saying the two sides are “getting along very well.”
The Treasury’s Office of Foreign Assets Control on Sept. 24 sanctioned four entities and four vessels for operating in Venezuela's oil sector.
Export Compliance Daily is providing readers with some of the top stories for Sept. 16-20 in case they were missed.
The Treasury’s Office of Foreign Assets Control issued a Sept. 23 notice reminding blocked-property holders to submit their Annual Report of Blocked Property by Sept. 30. A report must be submitted of all blocked property held as of June 30, OFAC said.
The Treasury’s Office of Foreign Assets Control announced a $4 million settlement with British Arab Commercial Bank plc for 72 violations of the Sudanese Sanctions Regulations, OFAC said in a Sept. 17 notice.