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New Rules Ease US Sanctions for Agricultural Exports and Free Speech

International Law Office
April 16, 2010

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) promulgated two final rules this week that ease sanctions against Cuba, Iran and Sudan with respect to key areas of authorized trade. OFAC’s new rules will make it easier for exporters to supply agricultural commodities to Cuba, as well as to support Internet-based personal communications in Cuba, Iran and Sudan. Companies in the agricultural and communications industries should consider whether OFAC’s new rules create additional opportunities for them in these markets.

This Sidley Update was republished by ILO in its Trade & Customs Newsletter.