OFAC publishes delisting of Turkish officials from SDN List!

14 February 2020
256 Views

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) formally published in the Federal Register on Monday the lifting of economic sanctions against Turkey’s defense and energy ministries, more than three months after President Trump ordered the action.

The sanctions against the government agencies and several key officials were imposed by the Trump administration in early October after Turkish forces launched attacks into northern Syria. After Turkey maintained a five-day cease-fire, President Trump directed the sanctions be lifted on Oct. 23.

The Turkish Ministry of National Defense and Ministry of Energy and Natural Resources, along with National Defense Minister Hulisi Akar, Interior Minister Suleyman Soylu and Energy Minister Fatih Donmez, on Oct. 14 were placed on OFAC’s Specially Designated Nationals and Blocked Persons (SDN) List.

Placement on the SDN List immediately blocked any assets or investments that the two Turkish ministries and three government officials had in the U.S. and prevented U.S. persons or companies from conducting business with them.

Rource: yahoo

You may be interested

Paros is the best island in Europe for 2020: Travel + Leisure
GREECE
shares19 views
GREECE
shares19 views

Paros is the best island in Europe for 2020: Travel + Leisure

Panos - Jul 09, 2020

The Greek island of Paros is the best island in Europe, according to Travel + Leisure. The well-known travel magazine…

Greece, Hungary discuss energy cooperation
GREECE
shares18 views
GREECE
shares18 views

Greece, Hungary discuss energy cooperation

Panos - Jul 09, 2020

Greek Environment and Energy Minister Kostis Hatzidakis on Thursday met with Hungary's Foreign Affairs and Trade Minister Peter Szijjarto. The…

Turkish actions in Mediterranean counterproductive for stability, US State Dept. says
GREECE
shares16 views
GREECE
shares16 views

Turkish actions in Mediterranean counterproductive for stability, US State Dept. says

Panos - Jul 09, 2020

Deputy Assistant Secretary of State for European and Eurasian Affairs Matthew Palmer expressed Washington’s deep concern over Turkey’s actions in…

Leave a Comment

Your email address will not be published.