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US lifts sanctions on UAE-based logistics firm Globe Trekkers

Published by Global Banking & Finance Review

Posted on March 6, 2026

1 min read

· Last updated: April 1, 2026

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US lifts sanctions on UAE-based logistics firm Globe Trekkers
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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

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

Which company had US sanctions lifted in March 2024?
The US lifted sanctions on Globe Trekkers, a United Arab Emirates-based logistics company.
Why were the sanctions imposed on Globe Trekkers?
Globe Trekkers was under Russia-related sanctions by the United States.
How was the sanctions removal announced?
A notice was posted on the US Treasury's website regarding the sanctions removal.
When did the US Treasury announce the removal of Globe Trekkers' sanctions?
The US Treasury's notice appeared on Friday, March 6.

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