OFAC TREASURY SANCTIONS 4 ENTITIES AND 2 INDIVIDUALS IN CONNECTION WITH THE CRISIS IN ETHIOPIA

On 12 November, OFAC advised that it had designated 4 entities and 2 individuals pursuant to Executive Order 14046 in response to the growing humanitarian and human rights crisis and expanding military conflict in Ethiopia.  The entities are the Eritrean Defense Force (EDF), People’s Front for Democracy and Justice (PFDJ), Hidri Trust and Red Sea Trading Company (RSTC).  The 2 individuals are Abraha Kassa Nemariam, the head of the Eritrean National Security Office; and Hagos Ghebrehiwet W Kidan, economic advisor to the PFDJ and the chief executive officer of RSTC.

https://home.treasury.gov/news/press-releases/jy0478

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20211112

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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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