Recent OFAC Actions
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In order to clarify and further ease the remaining transportation-related
sanctions against Libya, the Office of Foreign Assets Control
has issued an amended general license for new transactions,
§ 550.575 of the Libyan Sanctions Regulations, 31 C.F.R.
Part 550. The change from the general license issued on April
23, 2004, appears in paragraph (b)(3) of the amended general
license. Previously, all transportation-related transactions
remained prohibited, except for those expressly authorized
by § 550.574, the general license for travel to Libya.
The amended general license authorizes all transportation-related
transactions, except for those transactions specified in paragraph
(b)(3), which remain prohibited. Two examples of the changes
effected by the amended general license are: (1) U.S. air
carriers may now operate all-cargo charters to Libya; and
(2) Code-sharing between U.S. and third-country air carriers
on U.S.-Libya service is now permitted.
OFAC has updated the .pdf version of its Financial
and Export-Import Industry
brochures along with its Libya program brochure.
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