On October 24, 2019, the US Department of the Treasury’s Office of Foreign Assets Control issued General License K, authorizing maintenance or wind down of transactions involving Cosco Shipping Tanker (Dalian) Co., Ltd. The general license authorizes until December 20, 2019, transactions that would otherwise be prohibited by Executive Order 13846, and which are incident and necessary to maintenance and wind down activities involving Cosco and its subsidiaries. G.L. K does not authorize other transactions with Cosco.
October 24, 2019
Iran-related general license allows limited transactions with Chinese shipping company
Related by Topic
New Post
UK expands Russia-related prohibitions on trust services and issues related general license
March 22, 2023
News Alert
New Post
OFAC designates 7 persons for engaging in the procurement of weapons for Iran
March 22, 2023
News Alert
New Post
OFAC designates 3 individuals for serious human rights abuse against Russian human rights defender
March 12, 2023
News Alert