OFAC lifts sanctions on 3 countries
The U.S. Treasury Department's Office of Foreign Assets Control has removed the Libyan Sanctions Regulations, the Angola (UNITA) Sanctions Regulations, and the Rough Diamonds (Liberia) Sanctions Regulations from the Code of Federal Regulations, OFAC said in a statement.
The removals, effective Thursday, came about 'as a result of the termination of the national emergencies' in those countries, OFAC said.
Lifting sanctions against the National Union for the Total Independence of Angola (UNITA) and Libya ends 'all blocking of assets,' OFAC said. However, in the case of Libya, 'certain transactions involving the government of Libya, including entities owned or controlled by the government of Libya, remain subject to the Terrorism List Governments Sanctions Regulations,' OFAC noted.
As for Liberia, easing restrictions on rough diamonds 'does not affect ongoing enforcement proceedings,' OFAC said. An order 'blocking the assets of former Liberian President Charles Taylor,' who was recently arrested, 'and other persons' remains in effect, the agency said.
For more information, contact the Assistant Director, Policy, Office of Foreign Assets Control, (202) 622-4855.
OFAC lifts sanctions on 3 countries
