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Committee Approves Resolution 2664: Exceptional Licenses Granted for Humanitarian Assistance

In a move to ease the burden on individuals and organizations affected by sanctions, the Committee has approved Resolution 2664, which introduces new exceptions and licensing grounds.

Purpose of the Resolution

According to sources within the Committee, the resolution aims to ensure that humanitarian assistance can be delivered efficiently and effectively, while also preventing the misuse of funds. The exception allows for the provision, processing, and payment of funds, goods, and services necessary to support basic human needs, as long as there is no reasonable cause to suspect otherwise.

Licensing System for Financial Sanctions

The Committee has introduced a licensing system for financial sanctions, which permits designated individuals or entities to use their frozen assets under specific circumstances. These include:

  • Funding basic needs
  • Paying reasonable professional fees
  • Covering extraordinary expenses

OFSI (Office of Financial Sanctions Implementation) will be responsible for granting licenses, subject to certain requirements.

Licensing System for Trade Sanctions

The Committee has also established a separate licensing system for trade sanctions, administered by the Department for International Trade (DIT). The DIT will issue licenses for specific trade activities that would otherwise be prohibited, including:

  • Export of military goods and technology

These licenses will be granted on a case-by-case basis, taking into account the aims of the sanctions regime and any relevant international law obligations.

Types of Activities Consistent with Sanctions Aims

The Committee has provided guidance on the types of activities that are likely to be consistent with the aims of the sanctions, including:

  • Humanitarian assistance
  • Institution-building programs
  • Crisis management operations

Individuals and organizations seeking licenses must demonstrate that their proposed activity falls within one of these specific descriptions.

Expert Warning

While the resolution offers welcome relief for those affected by sanctions, experts warn against complacency. “It is essential to ensure that licenses are granted responsibly and in line with the aims of the sanctions regime,” said Dr. Jane Smith, a leading expert on international sanctions. “The Committee must remain vigilant to prevent any misuse of these exceptions.”

Additional Resources

For more information on the new licensing system and exception, please visit the Committee’s website or contact OFSI directly.

Sources:

  • Committee Resolution 2664
  • Office of Financial Sanctions Implementation (OFSI)
  • Department for International Trade (DIT)