OFAC terminates basic Sudan sanctions

Transaction ban had been in place since 1997.    Treasury’s Office of Foreign Assets Control (OFAC) on Friday terminated the United States’ Sudan Sanctions Regulations, which had been in place since Nov. 3, 1997.
   As a result of the revocation of the sanctions provisions, U.S. persons are no longer prohibited from engaging in transactions that were previously banned solely under the Sudan Sanctions Regulations, OFAC said.
   However, the U.S. government hasn’t terminated the national emergency with respect to Sudan, which continues to be the basis for the Darfur Sanctions Regulations, which remain in effect and block the property and interests in property of certain persons connected with the conflict in Darfur.
   Even though the Sudan Sanctions Regulations have been terminated, an OFAC license is still required for certain exports and re-exports to Sudan of agricultural commodities, medicine and medical devices because of Sudan’s continued inclusion on the U.S. State Sponsors of Terrorism List.
   OFAC on Friday incorporated General License A, authorizing exports and re-exports of these items to Sudan into the Terrorism List Government Sanctions Regulations. No OFAC license is required for financing such exports and re-exports.