U.S. Treasury ends Eritrea sanctions tied to Executive Order 14046

  • U.S. Treasury removed Eritrean entities and individuals from sanctions lists after the Executive Order 14046 emergency expired.
  • The delisted organizations included Eritrea’s military, ruling party, Red Sea Trading Corporation and Hidri Trust.
  • OFAC separately amended a Russia-related license for activities linked to a possible sale of Lukoil’s international assets.

The U.S. Treasury Department lifted sanctions on Eritrea’s military, ruling People’s Front for Democracy and Justice, Red Sea Trading Corporation and Hidri Trust, and removed Hagos Ghebrehiwet Woldekidan and Abraha Kassa from the Office of Foreign Assets Control’s Specially Designated Nationals List. The measures, imposed under Executive Order 14046 over Eritrea’s involvement in Ethiopia’s 2020-2022 Tigray conflict, ended after the national emergency was not renewed. Separately, OFAC amended a Russia-related license covering certain talks, agreements and related activities concerning the possible sale of Lukoil’s international assets, held through Lukoil International GmbH.

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