Following a 16-month diplomatic effort, on October 6, 2017, the U.S. government announced that it will terminate the vast majority of economic sanctions against Sudan. The revocation will be effective on October 12, 2017. Sanctions against South Sudan will remain in place as will sanctions in response to the situation in Darfur.
The EU position regarding Sudan and South Sudan remains the same as it has been since 2014 and 2015 respectively.
As a result, it remains necessary to keep in mind the differences between the U.S. and EU regimes when assessing the propriety of transactions involving both Sudan and South Sudan.
You can read more about the changes in our client alert here.
This article is presented for informational purposes only and is not intended to constitute legal advice.