OFAC, BIS, and US Munitions List: a Practical Guide of Sanctions Complia... On February 24, 2023, US Office of Foreign Assets Control (OFAC) has issued a huge update of their… Read More
OFAC and BIS: a Detailed Comparison of Sanctions Regime On February 24, 2023, US Office of Foreign Assets Control (OFAC) has issued an amended Specially Designated Nationals… Read More
EU Introduces the 10th Package of Sanctions Against Russia On February 24, 2022, the European Council has announced its 10th package of sanctions against Russia. This package… Read More
The UK Updates its Russian Sanctions List On February 24, 2023, the UK Office of Financial Sanctions Implementation of the Treasure has updated its Russian… Read More
OFAC Updated its SDN list, issues new General Licenses, a new Determinat... On August 24, 2023, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed… Read More
The High Court of New Zealand Confirms the Right of the Bank to Terminat... On 17 February 2023, the High Court of New Zealand has delivered a judgment on a dispute between… Read More
US Court Allows Forfeiture of Assets that Belong to a Sanctioned Russian... In April, 2022, the European Council has announced its “freeze and seize” legislative initiative and formed a so-called… Read More
The EU Caps Purchase Price of Russian Oil and Gas Products, Effective Fe... The European Union has imposed a limited ban and a purchase price cap on the import and transport… Read More
British High Court Authorizes Money Judgement in Favor of a Bank Subject... In a recent judgment, British High Court of Justice ruled on an application for a stay and discharge… Read More
European Council clarifies its prohibition on providing legal services Earlier, following the updated Art. 5n of Council Regulation 833/2014, it was prohibited to provide “legal advisory services”… Read More
National Settlement Depository to obtained a license from Ministry of Fi... December 22, 2022, Russian National Settlement Depository, the main depository of foreign securities in Russia, previously sanctioned by… Read More
OFAC updates General Licences related to agricultural commodities, medic... December 21, 2022, OFAC has added and revised several general licenses and authorizations issued earlier[1]. The new licenses… Read More
EU Adopts 9th package of sanctions against Russia December 16, the EU has adopted the 9th package of sanctions[1] against Russia due to its actions against… Read More
Switzerland joins EU in imposing the 8th package of sanctions against Ru... November 23, 2022, the Swiss Federal Council has updated its Order instituting measures in connection with the situation… Read More
The RF sanctions foreign energy companies The RF enacted Decree No. 851 on May 11th, 2022 “On measures to implement Presidential Decree No. 252… Read More
The US Secretary of Commerce announced a temporary suspension of 232 tar... The US announced temporary suspension of 232 tariffs on Ukraine steel for a term of 1 year on… Read More
The UK announced a new package of trade sanctions against Russia and Bel... The UK announced new measures regarding export bans and import tariffs on May 9th, 2022. The new sanctions… Read More
The US imposed restrictions on corporate management services to Russian ... On the 8th of May 2022, the United States adopted a new sanctions package against the Russian Federation… Read More
The G7 countries leaders announce a joint statement on forthcoming sanct... France, Canada, Italy, Japan, Germany, the UK, and the US announced their joint commitment to dismiss their dependency… Read More
The RF legalized portions of parallel importation The Russian Ministry of Industry and Trade set out a list of product categories and single products which… Read More
OFAC issued new Russia-related general licenses OFAC issued two revised general licenses and three new general licenses with relation to Russia on May 2nd… Read More
The UK declares a ban on services exports to the RF The UK government announced new prohibitions on exports of several types of services to Russia on May 4th,… Read More
The RF publishes a new Presidential Decree which restricts distribution ... RF President Vladimir Putin signed Decree No. 254 on May 4th, 2022 “On interval procedures for the fulfilment… Read More
The RF enacts a new Decree imposing retaliatory sanctions The RF has enacted the Decree on the application of retaliatory sanctions against unfriendly countries and organizations. The… Read More
