The Office of Foreign Assets Control sanctioned Iranian national and liquified petroleum gas (LPG) magnate Seyed Asadoollah Emamjomeh and his corporate network April 22, saying they shipped hundreds of millions of dollars’ worth of Iranian LPG and crude oil to foreign markets, which generated revenue for Iran’s nuclear and ballistic missile programs and terrorism proxies.
The Office of Foreign Assets Control this week announced additional sanctions for leaders of La Nueva Familia Michoacana drug cartel, and removed Magnitsky sanctions for a Hungarian government official.
The Office of Foreign Assets Control sanctioned the International Bank of Yemen (IBY) April 17 for financially supporting the Yemen-based Houthis, also known as Ansarallah.
The Office of Foreign Assets Control sanctioned Chinese oil refinery Shandong Shengxing Chemical Co. Ltd. on April 16 for buying more than $1 billion worth of Iranian crude oil from “shadow fleet” vessels.
The Office of Foreign Assets Control this week sanctioned United Arab Emirates-based Indian national Jugwinder Singh Brar for owning multiple shipping companies that operate a fleet of vessels helping Iran move sanctioned goods. OFAC designated his UAE-based companies Prime Tankers LLC and Glory International FZ-LLC, along with India-based companies Global Tankers Private Limited and B and P Solutions Private Limited, and more than 30 vessels with ties to the companies or Brar.
Landon Heid, President Donald Trump’s nominee to be assistant secretary of commerce for export administration (see 2502120020), said April 10 that he wants the Bureau of Industry and Security to wage a “continuous battle every single day” to prevent China from obtaining restricted U.S. technology.
The Office of Foreign Assets Control this week sanctioned five Iranian companies and one person for supporting entities that work on Iran's nuclear program, including the Atomic Energy Organization of Iran and the Iran Centrifuge Technology Co. OFAC said the designations target companies procuring or making critical technologies for the two Iranian organizations.
The Office of Foreign Assets Control this week published Arabic translations of several general licenses that authorize certain transactions with the Yemen-based Houthis, also known as Ansarallah. The licenses cover transactions related to certain agricultural goods, telecommunications, personal remittances, petroleum products, port operations and diplomatic missions.
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A new license issued this week by the Office of Foreign Assets Control authorizes payments of certain taxes, fees, import duties, licenses, certifications and other similar transactions involving the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, and the Ministry of Finance of the Russian Federation that would normally be blocked under Directive 4 of Executive Order 14024. General License 13M authorizes those transactions through 12:01 a.m. EDT July 9 as long as they are “ordinarily incident and necessary to the day-to-day operations in the Russian Federation of such U.S. persons or entities.”