The Treasury’s Office of Foreign Assets Control clarified that people and companies involved in recently sanctioned Iranian sectors have a 90-day wind-down period, according to a frequently asked question issued Jan. 16. The wind-down period pertains to the sanctions and executive order recently announced by the Trump administration that authorizes new measures against the country’s construction, mining, manufacturing, and textiles sectors (see 2001100050). Entering into new business that would be considered sanctionable under the executive order after Jan. 10 will not be considered wind-down activity, the FAQ says. That activity may be subject to sanctions “even during the wind-down period.” The wind-down period expires April 9.

The United Kingdom’s Office of Financial Sanctions Implementations introduced a sanctions regime on Belarus for human rights violations and to “encourage” the government to “respect democratic principles and institutions,” the OFSI said in a Jan. 15 notice. The U.K. also released an explanatory memorandum about the sanctions and guidance, and will eventually release a list of people sanctioned under the regulations. The measures include assets freezes, trade prohibitions and criminal penalties for violations of the sanctions, including fines and prison sentences. License exceptions are available for “certain circumstances,” including “acts done for the purpose of national security,” “prior obligations,” “extraordinary situations” and more.

The State Department sanctioned Moldovan official and oligarch Vladimir Plahotniuc for corruption, the State Department said Jan. 13. The agency also sanctioned Plahotniuc’s family members, including his wife, Oxana Childescu, son, Timofei Plahotniuc, and his minor child.

The European Council renewed sanctions for its terrorist list against people, groups and entities subject to asset freezes due to terrorism involvement, the council said in a Jan. 13 press release. The list is reviewed every six months and updated with “any new facts and developments,” the council said.

The Treasury’s Office of Foreign Assets Control sanctioned two North Korean entities involved in illegal exploitation of North Korea labor to generate money overseas, Treasury said in a Jan. 14 press release. Treasury said the two North Korean companies -- North Korea-based Namgang Trading Corporation (NTC) and China-based Beijing Sukbakso -- evade United Nations Security Council resolutions by sending North Korean laborers abroad. All UN member states were required to expel North Korean laborers in December, the press release said. NTC “maintained” laborers in “multiple” countries, including Russia, Nigeria and throughout the Middle East. Sukbakso, a lodging facility, handles portions of the travel and logistics for NTC personnel working overseas, Treasury said.

The Treasury’s Office of Foreign Assets Control sanctioned seven Venezuelan government officials who attempted to seize control of the country’s National Assembly and block an election, Treasury said in a Jan. 13 press release. The officials include Luis Eduardo Parra Rivero, Jose Gregorio Noriega Figueroa, Franklyn Leonardo Duarte, Jose Dionisio Brito Rodriguez, Conrado Antonio Perez Linares, Adolfo Ramon Superlano and Negal Manuel Morales Llovera. The sanctions came less than a week after the European Union announced intentions to soon impose sanctions on Venezuelan officials who tried to block the election process (see 2001100014).

The United Kingdom plans to establish a human rights sanctions regime after it leaves the European Union, Foreign Secretary Dominic Raab said Jan. 9. The regime will be “inspired” by Canada’s human rights program and Britain will “look forward to collaborating” with Canada on human rights sanctions, Raab said.

The European Union is planning to impose sanctions on Venezuelan officials and people who attempted to block the country’s election process, Josep Borrell, the EU’s high representative, said Jan. 9. Borrell called the attempts to control the election “utterly unacceptable” and said “the EU is ready to start work towards applying targeted measures against individuals involved in the violation of these principles and rights.” U.S. officials have urged the EU to increase sanctions pressure on Venezuela (see 1912200049 and 1909240039).

The United Kingdom's Office of Financial Sanctions Implementation amended five entries under the European Union’s Mali sanctions regime, according to a Jan. 8 notice. The notice amends entries that were added to the list by the United Nations Security Council on Dec. 19 and by the U.K. on Dec. 20, the notice said.

The Treasury’s Office of Foreign Assets Control sanctioned Taban Deng Gai, the first vice president of South Sudan, for human rights violations, Treasury said Jan. 8. Gai was involved in silencing human rights lawyers and advocates to solidify his position within the government, Treasury said.