10-year period for U.S. to pursue enforcement increases regulatory compliance burdens, risk and potential penalties, complicates commercial transactions, and necessitates businesses.
On July 11, 2023, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) issued Hostages and Wrongful Detention Sanctions Regulations (Regulations).
U.S. sanctions and other restrictions on Ethiopia and Eritrea may persist despite a recent peace deal between the Ethiopian government and the Tigray People's Liberation Front.