The Department of State’s Directorate of Defense Trade Controls announced recently that the U.S. would lift its restrictions on defense trade with Cyprus as of Oct. 1. Specifically, State will amend the International Traffic in Arms Regulations to specify that (1) the policy of denial described in section 126.1(r) shall not apply with respect to exports, reexports, and transfers to Cyprus for fiscal year 2023 and (2) Cyprus’ status as a proscribed destination is suspended for FY 2023 with respect to exports, reexports, and transfers.
State had partially lifted the embargo in 2020 to allow exports, reexports, retransfers, and temporary imports of non-lethal defense articles and defense services destined for or originating in Cyprus. Under that policy potential exports to Cyprus were reviewed on a case-by-case basis for compliance with U.S. law and policy and the U.S. denied licenses for lethal defense articles and defense services destined for or originating in Cyprus.
Copyright © 2024 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.