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OFAC authorizes all petroleum-related transactions with South Sudan, loosens restrictions on Sudan

  • Steptoe & Johnson LLP
  • -
  • Sudan, USA
  • -
  • December 19 2011

On December 8, 2011, the Office of Foreign Assets Control, US Department of the Treasury (OFAC) issued a final rule adding two new general licenses to the Sudanese Sanctions Regulations (SSR), 31 C.F.R. Part 538