Does OFAC’s 50 Percent Rule apply to Hidri Trust and Red Sea Trading Corporation (RSTC)?

OFAC's answer

No. OFAC’s 50 Percent Rule does not apply to persons blocked solely pursuant to the blocking sanctions of [E.O. 14046](https://ofac.treasury.gov/media/913011/download?inline). Unless an entity is itself a sanctioned person (as defined in E.O. 14046) and listed separately on [OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List)](https://ofac.treasury.gov/specially-designated-nationals-and-blocked-persons-list-sdn-human-readable-lists), it is not blocked. For more information, please see FAQs [923](https://ofac.treasury.gov/faqs/923) and [924](https://ofac.treasury.gov/faqs/924).

Related programs

Related FAQs

• #923Do blocking sanctions imposed on persons pursuant to Executive Order (E.O.) of September 17, 2021, “Imposing Sanctions on Certain Persons with Respect to the Humanitarian and Human Rights Crisis in Ethiopia,” automatically apply to entities owned in whole or in part by sanctioned persons?
• #924Do non-blocking sanctions imposed on persons pursuant to Executive Order (E.O.) of September 17, 2021, “Imposing Sanctions on Certain Persons with Respect to the Humanitarian and Human Rights Crisis in Ethiopia,” automatically apply to entities owned in whole or in part by sanctioned persons?