What are the 5 sanctioned countries?
The Bureau of Industry and Security (BIS) implements U.S. Government certain sanctions against Cuba, Iran, North Korea, and Syria pursuant to the Export Administration Regulations (EAR), either unilaterally or to implement United Nations Security Council Resolutions.
What countries have been sanctioned?
Countries
| Country | Year introduced | Article |
|---|---|---|
| Cuba | 1958 | United States embargo against Cuba |
| Iran | 1979 (lifted 1981), reintroduced 1987 | United States sanctions against Iran |
| Syria | 1986 | Syria–United States relations |
| Venezuela | 2019 | International sanctions during the Venezuelan crisis |
What countries are on the OFAC list?
Currently, sanctioned countries include the Balkans, Belarus, Burma, Cote D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, and Zimbabwe.
What are OFAC sanctions list?
OFAC Sanctions Lists OFAC publishes lists of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific.
What are UK sanctions list?
The UK government publishes the UK Sanctions List, which provides details of those designated under regulations made under the Sanctions Act. The list also details which sanctions measures apply to these persons or ships, and in the case of UK designations, provides a statement of reasons for the designation.
Why are countries sanctioned?
Economic sanctions are used as a tool of foreign policy by many governments. Economic sanctions are usually imposed by a larger country upon a smaller country for one of two reasons: either the latter is a perceived threat to the security of the former nation or that country treats its citizens unfairly.
How many OFAC lists are there?
Due to the diversity among sanctions, we advise visiting the “Sanctions Programs and Country Information” page for information on a specific program. OFAC’s Specially Designated Nationals and Blocked Persons List (“SDN List”) has approximately 6,300 names connected with sanctions targets.
Who do UK sanctions apply to?
All individuals and legal entities who are within or undertake activities within the UK’s territory must comply with UK financial sanctions that are in force.
What are country sanctions?
Economic sanctions are commercial and financial penalties applied by one or more countries against a targeted self-governing state, group, or individual. Economic sanctions are not necessarily imposed because of economic circumstances—they may also be imposed for a variety of political, military, and social issues.
What are examples of sanctions?
There are several types of sanctions.
- Economic sanctions – typically a ban on trade, possibly limited to certain sectors such as armaments, or with certain exceptions (such as food and medicine)
- Diplomatic sanctions – the reduction or removal of diplomatic ties, such as embassies.
Which countries are sanctioned by the UK?
Regimes
- Financial sanctions, Afghanistan. 16 February 2022.
- Financial sanctions, Belarus. 27 May 2022.
- Financial sanctions, Bosnia and Herzegovina.
- Financial Sanctions, Burundi.
- Financial sanctions, Central African Republic.
- Financial sanctions, Chemical Weapons.
- Financial sanctions, Counter-terrorism.
- Financial sanctions, Cyber.