On 17 June, the US Treasury’s Office of Foreign Asset Controls (“OFAC”) issued general licenses (“GLs”) for Syria, Venezuela and Iran designed to help fight the Covid-19 pandemic in the three heavily sanctioned countries. The GLs authorize the export of goods and services related to Covid-19 to the countries through 17 June 2022. Specific entities were identified as available to receive aid under the GLs.
OFAC said: “The new Covid -19-related GLs expand upon longstanding humanitarian exemptions,...
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