President Joseph R. Biden signed an executive order declaring a national emergency to combat the threat of hostage-taking and the wrongful detention of U.S. nationals in foreign countries.
OFAC amended the Cuban Assets Control Regulations to (i) authorize group "people-to-people" educational travel, (ii) authorize travel to attend or organize professional meetings or conferences and (iii) remove family remittances and authorize donative remittances to Cuba.
The Congressional Research Service examined the use of cryptocurrency as a tool for evading Western sanctions against Russia. It concluded that the threat of Russian entities using digital currencies to avoid sanctions is still present.
OFAC issued two General Licenses under the Ukraine Related Sanctions Regulations which extend to May 25, 2022 certain wind-down transactions involving GAZ Group.
OFAC updated its Specifically Designated Nationals and Blocked Persons List to include additional Russian individuals and enterprises.