Cuba

Compania Guatemalteca de Niquel (CGN), Compania Procesadora de Niquel (ProNiCo), and Mayaniquel function as subsidiaries of the Solway Investment group, a Russian enterprise that has exploited Guatemalan mines since 2011. OFAC also designated pursuant to E.O. 13818 the three companies registered in Guatemala that are owned or controlled by, directly or indirectly, Kudryakov: CGN, ProNiCo, and Mayaniquel.

https://home.treasury.gov/news/press-releases/jy1118

1995-05-23

US

Cuban Assets Control Regulations, 31 C.F.R. part 515

OFAC country specific

Cuba

Other travel and financial restrictions, trade embargo

Persons subject to U.S. jurisdiction are prohibited from doing business or investing in Cuba unless authorized by OFAC. An OFAC general license authorizes, subject to certain conditions and limitations, the exportation from the United States, and the reexportation from third countries, of items to Cuba where the exportation or reexportation is licensed or otherwise authorized by BIS. See 31 CFR § 515.533(a). [https://ofac.treasury.gov/faqs/topic/1541]

The Department of the Treasury issued the Cuban Assets Control Regulations, 31 CFR part 515 (the “Regulations”), on July 8, 1963, under the Trading With the Enemy Act (50 U.S.C. 4301–44). OFAC has amended the Regulations on numerous occasions. Today, OFAC, in consultation with the Department of State, is amending the Regulations to implement certain policy changes announced by the Administration on May 16, 2022 to increase support for the Cuban people, as set forth below.

SDN