Sanctions Round Up: Fourth Quarter 2016 and President Donald J. Trump
01/31/2017On November 8, 2016, Donald John Trump was elected the 45th President of the United States. Following fiery criticism of the Obama Administration’s sanctions policies, including the Iran deal, the lifting of substantial parts of the Cuban sanctions program, and the imposition of sanctions on Russia, it is likely that the new President will usher in a new era of US policy as it relates to Russian, Iran, and Cuban sanctions, although the nature, scope, and timing of such changes, not to mention Congressional views on certain of them, is still unknown. In the meantime, during the fourth quarter of 2016 and continuing up to the eve of Inauguration Day in January, the Obama Administration continued to pursue its policies, lifting the economic and financial sanctions against Burma and Sudan, opening up the countries to Western markets while OFAC and other U.S. agencies continued to enforce other sanctions programs against banks and other financial institutions as well as traders and exporters.
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