Russia sanctions
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 […]
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 […]
Russia (EU Exit) Regulations 2019 amended The Russia (Sanctions) (EU Exit) Regulations 2019 under the Sanctions and Anti-Money Laundering Act 2018 have been amended. The Regulations enter into force at the end of the transition period and replace the EU sanctions regime relating to Russia’s actions in the Ukraine. OFSI has updated its […]
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 […]
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 […]
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 […]
Yesterday, UK regulators announced the imposition of 2 monetary penalties against Standard Chartered Bank for Violations of EU Council Regulation 833/2014 (that’s the Ukraine/Russia sectoral sanctions one), and Regulation 38 of the Ukraine (European Union Financial Sanctions) (No.3) Regulations 2014. The total penalty amounts to 20,471,809.83 GBP. The notice notes […]
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 […]
On Thursday, the following firm was added to both the SDN: TNK TRADING INTERNATIONAL S.A., place du Lac 2, Geneve 1204, Switzerland; Executive Order 13662 Directive Determination – Subject to Directive 2; alt. Executive Order 13662 Directive Determination – Subject to Directive 4; V.A.T. Number CHE-267.936.404 (Switzerland); Business Registration Number […]
Earlier today, OFAC added the following person: CASIMIRO, Didier, Moscow, Russia; DOB 15 Nov 1966; POB Vilvoorde, Belgium; Gender Male (individual) [VENEZUELA-EO13850] (Linked To: ROSNEFT TRADING S.A.). and entity: ROSNEFT TRADING S.A., Rue Place du Lac 2, 1204, Geneva, Switzerland; Website http://www.rosneft.com; Executive Order 13662 Directive Determination – Subject to […]
