OFAC VENEZUELA SANCTIONS – NEW NAME ADDED, NEW GENERAL LICENSE ISSUED AND NEW FAQ CONCERNED WITH CHINESE COMPANY CEIEC

On 30 November, OFAC advised that CEIEC (aka CHINA NATIONAL ELECTRONIC IMPORT-EXPORT COMPANY; and CHINA NATIONAL ELECTRONICS IMPORT AND EXPORT CORPORATION) had been added to the SDN List.  It also issued General License 38 authorising wind-down operations involving CEIEC to 14 January.  New FAQ 854 explains the scope and purpose of the new General License.

https://home.treasury.gov/system/files/126/venezuela_gl38.pdf

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/854

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20201130

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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