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Resolution 2664: Unlocking Humanitarian Aid and Trade Amid Sanctions

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The United Nations Security Council has passed Resolution 2664, which aims to facilitate the delivery of humanitarian aid and trade by providing exceptions to asset freeze and trade sanctions imposed on certain individuals and entities.

Exceptions to Asset Freeze and Trade Sanctions

Under this resolution, individuals and organizations are exempt from prohibitions if they carry out activities necessary for the timely delivery of humanitarian assistance or other activities that support basic human needs. This includes:

  • Provision, processing, and payment of funds
  • Supply of goods and services essential to ensuring the timely delivery of such assistance

Licenses for Frozen Assets and Trade Activities

Designated individuals or entities can apply for licenses from the Office of Financial Sanctions Implementation (OFSI) to use their frozen assets for specific purposes, including:

  • Basic needs
  • Legal fees
  • Humanitarian activities

OFSI may also grant licenses for trade activities that would otherwise be prohibited, subject to certain conditions.

Administration of Licensing Provisions

The UK’s Department for International Trade is responsible for administering licensing provisions for trade sanctions. The Secretary of State for International Trade has the final say in granting or refusing licenses. The Export Control Joint Unit within DIT will process applications, taking into account advice from other government departments and international obligations.

Key Takeaways

  • Resolution 2664 provides exceptions to asset freeze for activities necessary for the timely delivery of humanitarian assistance or other activities supporting basic human needs.
  • Designated individuals or entities can apply for licenses from OFSI to use frozen assets for specific purposes, including basic needs and humanitarian activities.
  • The UK’s Department for International Trade is responsible for administering licensing provisions for trade sanctions, with the Secretary of State having the final say in granting or refusing licenses.

For Further Information

Contact your local UN representative or the Office of Financial Sanctions Implementation (OFSI) for more information on applying for licenses and the specific conditions that apply.