EU updates sanctions against Libya and Syria, and introduces import ban for...
The EU Council on 23 June 2014 took several sanctions-related actions,1 all effective on 24 or 25 June 2014, including: • the introduction of an EU import ban for products from Crimea and Sevastopol...
View ArticleEU adds 11 ‘rebel’ names to Ukraine list, introduces South Sudan asset freeze
The EU has introduced new sanctions measures, namely the following: • The addition of 11 ‘rebel’ names to the Ukraine asset freeze list; and • The introduction of an asset freeze in relation to South...
View ArticleUS Imposes Sectoral Sanctions on Russian Financial and Energy Companies,...
On July 16, 2014, the United States issued new sanctions targeting the Russian financial and energy sectors in response to the ongoing unrest in Ukraine. The new sectoral sanctions target four Russian...
View ArticleEU adds names to Ukraine sanctions and widens criteria in preparation for...
This alert resumes three changes to EU sanctions adopted over the past week. This week is likely to be equally busy as further sanctions on Ukraine and Russia are expected imminently. First, and most...
View ArticleUnited States Issues Further Sanctions Targeting Russian Financial, Defense...
On July 29, 2014, the United States expanded sectoral sanctions, targeting the Russian financial, defense and energy sectors in response to the ongoing unrest in Ukraine. The new sanctions include the...
View ArticleEU imposes targeted Russia sanctions (banks, arms and oil sectors); imposes...
The EU has adopted and published targeted sanctions against Russia covering banks, the oil sector and arms in response to the situation in Ukraine. The new sanctions include an EU ban on purchase or...
View ArticleUS Expands Export Restrictions on Russia and Targets Russian Energy Sector
On August 1, 2014, the Bureau of Industry and Security (BIS) announced further export restrictions targeting Russia generally and the Russian oil and gas sector in particular, effective August 6, 2014....
View ArticleOFAC Issues Revised Guidance on Aggregation of Ownership Interests
On August 13, 2014, the US Treasury Department’s Office of Foreign Assets Control (OFAC) issued revised guidance with respect to the “50% Rule,” which established that an entity owned 50% or more,...
View ArticleEU Sanctions Against Russia: Possible Effects on Aircraft Sector
Against the background of recent European Union (EU) sanctions targeting Russian airline Dobrolet, this note provides a general overview of relevant issues – especially in the context of the aircraft...
View ArticleNew EU Russia sanctions: ban on oil project services; wider capital market...
Today, the EU published a second round of targeted sanctions against Russia. These new measures expand the EU’s existing Russia sanctions and restrict access to capital markets covering certain loans...
View ArticleUnited States Tightens Sanctions Against Russian Financial, Defense, and...
On September 12, 2014, the United States issued another round of targeted sanctions against the Russian financial, defense, and energy sectors. Today’s measures were a combination of new measures and...
View ArticleIran sanctions suspension extended, and other EU sanctions news (Syria,...
This alert summarizes certain recent EU sanctions developments with respect to Iran, Syria, Belarus, and Serbia/Montenegro. In sum, they are as follows: • Iran: Today, the EU decided to extend the...
View ArticleEU adds separatist names to Ukraine-related asset freeze list
As per a recent request from the EU Council, the EU has extended its sanctions in relation to Ukraine by adding 13 persons and five organizations to the asset freeze list based on their involvement in...
View ArticlePresident Signs Russia Sanctions Law But Does Not Intend To Impose New...
On December 18, 2014, President Obama signed into law the Ukraine Freedom Support Act of 2014 (the “Act”), authorizing sanctions related to Russia’s defense, energy, and financial sectors. The Act is...
View ArticleUS Issues Executive Order Prohibiting Crimea-Related Transactions and General...
On December 19, 2014, President Obama signed an Executive Order (EO) prohibiting a broad range of transactions related to the Crimea region of Ukraine and authorizing the United States to impose...
View ArticleOFAC Issues General License Authorizing Certain Activities Necessary to Wind...
On December 30, 2014, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License 5, authorizing until February 1, 2015 certain activities otherwise prohibited by...
View ArticleCrimea-related Developments: OFAC Issues Authorizations for Certain...
On January 30, 2015, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued three General Licenses, authorizing certain personal remittances, the operation of personal...
View ArticleAfter a busy 2014 for sanctions, what can we expect in 2015?
2014 was a very eventful year for sanctions, with both the European Union (EU) and United States (US) making extensive use of trade sanctions to attain foreign policy goals. Certain sanctions measures...
View ArticleEU adds more separatists and five Russian officials to Ukraine related asset...
The EU has extended its sanctions in relation to Ukraine by adding 19 persons and nine entities to the asset freeze list. These newly designated parties are deemed to be actively involved in separatist...
View ArticleEU asset freeze developments: Ukraine state fund misappropriation list,...
The EU has recently removed four persons from its asset freeze list featuring persons deemed responsible for misappropriation of Ukrainian state funds, and added 13 parties to the Syria related asset...
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