Headlines
US lifts sanctions on UAE-based logistics firm globe trekkers
Published by Global Banking & Finance Review®
Posted on March 6, 2026
1 min readLast updated: March 6, 2026
Quick Summary
The U.S. Treasury has removed Russia-related sanctions on UAE-based logistics firm Globe Trekkers, lifting its designation on the SDN list as of March 6, 2026, thereby restoring its ability to conduct transactions with U.S. persons.
US Lifts Sanctions on UAE-Based Globe Trekkers, a Logistics Company
US Treasury Removes Sanctions on Globe Trekkers
Background of the Sanctions
Russia-Related Restrictions
Impact on UAE-Based Companies
WASHINGTON, March 6 (Reuters) - The United States has removed Russia-related sanctions on United Arab Emirates-based freight and logistics company Globe Trekkers, a notice on the U.S. Treasury's website showed on Friday.
Official Announcement
Details from the U.S. Treasury
Notice Publication Date
(Reporting by Katharine Jackson and Susan Heavey)
Key Takeaways
- •Globe Trekkers, sanctioned since March 12, 2024 under Executive Order 14024 for supplying dual‑use technology to Russia, has now been delisted from the U.S. SDN list, ending U.S. restrictions (apnews.com)
- •The delisting marks a rare reversal of prior sanction’s policy, reflecting OFAC’s discretion to remove designations when warranted (squirepattonboggs.com)
- •Lifting the sanctions may ease compliance burdens for firms dealing with UAE freight and logistics companies involved in Eurasia‑focused supply chains
References
Frequently Asked Questions about US lifts sanctions on UAE-based logistics firm Globe Trekkers
1Which company had US sanctions lifted in March 2024?
The US lifted sanctions on Globe Trekkers, a United Arab Emirates-based logistics company.
2Why were the sanctions imposed on Globe Trekkers?
Globe Trekkers was under Russia-related sanctions by the United States.
3How was the sanctions removal announced?
A notice was posted on the US Treasury's website regarding the sanctions removal.
4When did the US Treasury announce the removal of Globe Trekkers' sanctions?
The US Treasury's notice appeared on Friday, March 6.
