President Joseph R. Biden signed an Executive Order to target Nicaragua's gold sector and enhance Treasury and OFAC's ability to hold the government of Nicaragua accountable for its "continued attacks on Nicaraguans' freedom of expression and assembly."
The Senate Banking Committee considered testimony on current and future sanctions against Russia for its invasion of Ukraine.
OFAC sanctioned an Iranian air transportation service provider for its role in the shipment of unmanned aerial vehicles to Russia.
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.