In our News Item of 17 January 2017 it was reported that US sanctions against Sudan were expected to be formally lifted in July 2017. A recent Executive Order from President Trump has however extended the review period for a further three months and a final decision will therefore not be taken until at least 12 October 2017. In the interim the sanctions relief provided by the previous Executive Order remains in place.
Details can be found in a further Client Alert from Freehill Hogan & Mahar, which is available here.
No changes have been made in the EU sanctions against Sudan, but these are limited. Only four entities currently appear on the EU SDN list for Sudan.
Any Member with questions concerning the impact of these measures and any other sanctions matters should contact the Managers.