OFAC Countries 2022

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OFAC is an acronym that stands for the Office of Foreign Asset Control. This is a department through the United States Treasury that imposes economic and trade sanctions against foreign countries. These sanctions are applied to both nations and groups that have been involved in drug trafficking, terrorism, and other activities. OFAC was first created in 1950 during the Korean War. President Harry Truman froze Chinese and Korean assets after China entered the war. Sanctions are imposed based on foreign policy and national security objectives of the United States, as well as sanctions mandated by the United Nations.

Let’s look at an example of what OFAC could do. If one country invaded another country, OFAC would enforce sanctions by freezing trade and other assets. This is done in order to facilitate talks or other action that would stop conflict. Sanctioned countries include the following: Balkans, Belarus, Burma, Ivory Coast, Cuba, Democratic Republic of the Congo, Iran, Iraq, Liberia, North Korea, Syria, and Zimbabwe. This list is updated frequently and the most current version can always be found on the official U.S. Treasury website.

OFAC Countries 2022

Country 2022 Population
DR Congo99,010,212
Iran88,550,570
Myanmar54,179,306
Sudan46,874,204
Iraq44,496,122
Ivory Coast28,160,542
North Korea26,069,416
Syria22,125,249
Zimbabwe16,320,537
Cuba11,212,191
Belarus9,534,954
Liberia5,302,681

OFAC Countries 2022

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