Revoking Sudan Sanctions Brings New Prospects, Old Risks
Law360, New York (October 10, 2017, 1:17 PM EDT) -- On Oct. 6, 2017, the United States government announced that, effective Oct. 12, the Sudanese Sanctions Regulations ("SSR") would be officially revoked. The Oct. 6 announcement marked the culmination of a nine-month process initiated during the waning days of the Obama administration. Revocation of the SSR will create additional opportunities for U.S. companies to do business in — and with — Sudan. The step also is in line with a broader trend across U.S. sanctions policy in favor of narrower sanctions that target specific actors and categories of transactions over broader sanctions that target entire countries or regions.
Overview of the SSR...
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