OFAC sanctions Eritrean entities and individuals

On Friday, OFAC designated four entities and two individuals under the authority of Executive Order 14046 in response to the growing humanitarian and human rights crisis and expanding military conflict in Ethiopia. The individuals and entities designated today are the Eritrean Defense Force, the People’s Front for Democracy and Justice, Abraha Kassa Nemariam, Hidri Trust, Hagos Ghebrehiwet W Kidan, and Red Sea Trading Corporation.

As a result of today’s action, all property and interests in property of the persons named above that are in the United States, or in the possession or control of U.S. persons, are blocked and must be reported to OFAC. No entity shall be blocked pursuant to E.O. 14046 solely because it is owned in whole or in part, directly or indirectly, by one or more sanctioned persons, unless the entity is itself a sanctioned person.

For identification information on those designated, as well as information on a number of designation removals, see BankersOnline's November 12, 2021, OFAC Update.