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Closing out 2018, OFAC announced its plan to lift sanctions
against United Co. Rusal and others, despite bi-partisan opposition
from Congress. Simultaneously, OFAC continued to target
Russia's defense and intelligence sectors for continued
destabilizing activity in Ukraine, and worldwide elections
interference. Also this quarter, the Iran nuclear sanctions resumed
full effect, and the Trump Administration continued to increase
pressure on Venezuela through a new executive order. Finally, OFAC
rounded out the year with a notable increase in enforcement
resolutions.
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