A critical look at the revocation of US sanctions on Zimbabwe while maintaining ZDERA- By Jonathan Moyo

Summary

Executive Order 13391 prohibits U.S. persons, wherever located, or anyone in the United States from engaging in any transactions with any person, entity or organization found to: 1) be undermining democratic institutions and processes in Zimbabwe; 2) have materially assisted, sponsored, or provided financial, material, or technological support to these entities; 3) be or have been an immediate family member of a sanctions target; or 4) be owned, controlled or acting on behalf of a sanctions target. Persons, entities and organizations referenced in Annex A of the Executive Order are all incorporated into OFAC’s list of Specially Designated Nationals. Prohibited transactions include, but are not limited to, exports (direct and indirect), imports (direct and indirect), trade brokering, financing and facilitation, as well as most financial transactions.

Zimbabwe Sanctions: Executive Orders

13469 Blocking Property of Additional Persons Undermining      Democratic Processes or Institutions in Zimbabwe (July 25, 2008)

13391 Blocking Property of Additional Persons Undermining      Democratic Processes or Institutions in Zimbabwe (Effective Date—November      23, 2005)

13288 Blocking Property of Persons Undermining Democratic Processes      or Institutions in Zimbabwe (Effective Date—March 7, 2003)

Zimbabwe Sanctions: Statutes

International Emergency Economic Powers Act (IEEPA), 50 U.S.C. §§      1701-1706

National Emergencies Act (NEA), 50 U.S.C. §§ 1601-1651

Zimbabwe Sanctions: Code of Federal Regulations

31 CFR Part 541—Zimbabwe Sanctions Regulations

Zimbabwe Sanctions: Federal Register Notices

79 FR 39312-14—Final Rule in the Federal Register Amending the      Zimbabwe Sanctions Regulations

71 FR 29251-06 Revisions to IEEPA made by the Combating Terrorism      Financing Act of 2005

69 FR 45246-04 New regulations to implement Executive Order 13288

Note: This information is provided [by OFAC] for reference only.

https://www.visualofac.com/resources/full-sanctions/zimbabwe-sanctions/

OFAC should now remove the above regulations, including from its website, pronto.

It cannot be emphasised that that the removal of the ‘Zimbabwe Sanctions: Code of Federal Regulations 31 CFR Part 541—Zimbabwe Sanctions Regulations’, in terms of Biden’s Executive Order 14118, will be a game changer, that economy in Zimbabwe needs. These regulations caused untold damage to the country’s economy.

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