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EU renews sanctions on Russia for 6 more months

Russia: Council renews economic sanctions over Ukrainian crisis for six more months Why did the EU impose sanctions on Russia? The Council today decided to renew the sanctions targeting specific economic sectors of the Russian Federation for a further six months, until 31 January 2021. This decision follows the latest assessment of the state […]

EU extends Crimea/Sevastopol sanctions for another year

Illegal annexation of Crimea and Sevastopol: EU renews sanctions by one year The Council today decided to renew the sanctions introduced in response to the illegal annexation of Crimea and Sevastopol by the Russian Federation until 23 June 2021. The restrictive measures currently in place include prohibitions targeting the imports of products originating in Crimea […]

US sends oil to Belarus

First Shipment of U.S. Oil to Belarus PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE MAY 15, 2020 This week, the first shipment of U.S. crude oil will depart for Belarus.  This competitive deal, by U.S. energy trader United Energy Trading, with the assistance of U.S. firm Getka and their Polish partner […]

OFAC Humanitarian Aid Fact Sheet: Ukraine/Russia

Ukraine/Russia-Related Russia is engaged in a broad range of malign activities globally, including interference in elections, ongoing aggression towards Ukraine, providing support to the Bashar al-Assad regime in Syria and the Maduro regime in Venezuela, engaging in malicious cyber activity, committing human rights abuses, and assisting North Korea in evading […]

OFAC issues Humanitarian Assistance Fact Sheet

Publication of a Fact Sheet on the Provision of Humanitarian Assistance and Trade to Combat COVID-19 4/16/2020 On April 16, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a Fact Sheethighlighting the most relevant exemptions, exceptions, and authorizations for humanitarian assistance and trade under the Iran, Venezuela, North […]

March 20, 2020: GAZ Group stays off the hook

Issuance of Amended Ukraine-related General Licenses 3/20/2020 Today OFAC extended the expiration date of two general licenses related to GAZ Group by issuing Ukraine-related General License No. 13N – “Authorizing Certain Transactions Necessary to Divest or Transfer Debt, Equity, or Other Holdings in GAZ Group,” and Ukraine-related General License No. 15H – “Authorizing Certain Activities […]