US Lifts Ethiopia-Related Sanctions After National Emergency Expires
Treasury's OFAC removes previously designated individuals and entities, and amends a license tied to a potential Lukoil asset sale
The United States has lifted sanctions related to Ethiopia after a national emergency underpinning the measures expired, according to Anadolu Agency, which cited actions taken by the Office of Foreign Assets Control (OFAC), a unit of the US Treasury Department.
OFAC removed a number of previously designated individuals and entities from its sanctions list as part of the move, the report said.
In a separate but related action, OFAC also amended a license covering a possible sale of assets linked to Russian oil company Lukoil, according to the report.
The report did not provide further details on the specific individuals, entities or the scope of the amended license. Anadolu Agency did not immediately specify the date on which the national emergency had been declared or when it formally expired.
US sanctions programs tied to national emergencies are typically authorized under the International Emergency Economic Powers Act and require periodic renewal by the president; when such emergencies are allowed to lapse, the associated sanctions measures are generally terminated unless renewed.
Additional details on the rationale for lifting the Ethiopia-related measures and the specifics of the Lukoil-related license amendment were not immediately available.
Sources
- US lifts Ethiopia-related sanctions after national emergency expires — Anadolu Agency (Turkey)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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