OFAC Adds Cuba Sanctions Targets and Expands Sectoral Designation Authority

OFAC added two individuals, six entities and two vessels to the SDN List under Executive Order 14404: one individual is located in Cuba and one in Panama; the entities are located in Cuba, China and Panama. It also applied that Cuba sanctions authority to two entities and three vessels already blocked under other authorities. Separately, an OFAC determination effective November 5 extends section 2(a)(i)(A) of the order to Cuba’s electronics, manufacturing, marine and technology sectors, enabling sanctions against foreign persons determined to operate or have operated in those sectors. The determination establishes a basis for designation; it does not automatically block every participant in those sectors.