Search Results for keywords:"Portex Trade Limited"

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Search Results: keywords:"Portex Trade Limited"

  • Type:Notice
    Citation:90 FR 7765
    Reading Time:about 2 minutes

    The Office of Foreign Assets Control (OFAC), part of the U.S. Department of the Treasury, has added certain individuals and an entity to its Specially Designated Nationals and Blocked Persons List. This action blocks their properties and interests under U.S. jurisdiction, prohibiting U.S. persons from conducting transactions with them. The listed individuals, Ahmed Abdalla and Abdel Fattah Al-Burhan, are connected to activities destabilizing Sudan, while the entity, Portex Trade Limited, is linked to Ahmed Abdalla. These measures are under Executive Order 14098, targeting persons undermining Sudan's democratic transition.

    Simple Explanation

    The U.S. government made a list of people and a company they think are causing trouble in Sudan, and they are not allowed to do business with anyone in the U.S. They want to make sure these people can't use their things in the U.S. to keep the trouble from getting worse.