Report on Supply Chain Compliance 3, no. 9 (April 30, 2020)
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) released a fact sheet outlining all of the various licenses, protocols and general provisions that provide for the export and reexport of medicine, food and other items that meet basic human needs to U.S.-sanctioned countries. The fact sheet clarifies and consolidates the many exemptions to the U.S. sanctions regimes against Iran, Venezuela, North Korea, Syria, Cuba and Ukraine/Russia-related entities.
“The sanctions programs administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) generally allow for legitimate humanitarian-related trade, assistance, or activity under existing laws and regulations,” the fact sheet reads. “OFAC encourages those interested in providing such assistance during the COVID-19 crisis to avail themselves of longstanding exemptions, exceptions, and authorizations pertaining to humanitarian assistance and trade available in many U.S. sanctions programs.”