US: TERMINATION OF BURUNDI SANCTIONS PROGRAM

On 18 November, the US Treasury announced that President Biden had signed an Executive Order terminating the national emergency with respect to Burundi and revoking EO 13712, which has authorised sanctions with respect to Burundi since 2015.  As a result –

• All persons blocked solely pursuant to the Burundi Sanctions Regulations have been removed from OFAC’s Specially Designated Nationals and Blocked Persons List;
• All property and interests in property blocked solely pursuant to the Burundi Sanctions Regulations are unblocked; and
• OFAC will remove the Burundi Sanctions Regulations from the Code of Federal Regulations at a future date.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20211118

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 View all posts by raytodd2017