Crimea

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Sanctions

Ukraine Imposes Sanctions on Russia

May 15, 2019: Earlier today, the Ukrainian Cabinet of Ministers imposed economic sanctions on Russia in the form of import bans on certain products that can be produced domestically, in Ukraine.  The embargo applies to Russian cement, plywood, mineral fertilizers, certain types of industrial products, vehicles and some other products, according to Deputy Prime Minister […]

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Crimea
Global Trade
Russia
Sanctions

Like the US and the EU, Canada Imposed Sanctions on Russia Over Crimea

Earlier this month, Canada showed it support of Ukraine when it increased the number of Russian individuals and entities sanctioned in connection with Russia’ aggression toward Crimea.   More specifically, the Canadian sanctions were imposed on additional 114 individuals and 15 entities, under the Special Economic Measures Act in connection with Russia’s military actions against three Ukrainian […]

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SDN

Key 2018 Global Trade and Sanctions Developments

Iran – On May 8, the US withdrew from the Joint Comprehensive Plan of Action (JCPOA), the Iran nuclear deal. The full sanctions against Iran were re-imposed. Secondary sanctions targeting critical Iranian industries were also re-imposed. The SDN list was also re-introduced. OFAC granted 90 and 180 day grace periods to wind down previously authorized […]

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Crimea
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Sanctions

EU Extends Russia Sanctions

Perhaps not surprisingly, as covered in our previous blog, the EU announced earlier today that it will continue its sectoral sanctions on Russia for another six months, until July 31, 2019. These sanctions were initially imposed in July of 2014 for 1 year and extended since, all in response to the “situation in Ukraine”. This […]

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Crimea
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OFAC
Sanctions
SDN

OFAC Signals Intention to Remove Sanctions on EN+, Rusal, JSC EuroSibEnergo

Earlier today, OFAC submitted a notification to Congress of its intention to terminate sanctions previously imposed on En+ Group plc (“En+”), UC Rusal plc (“Rusal”), and JSC EuroSibEnergo (“ESE”) in 30 days.   Given the changes within the above organizations, inclusive of significant internal restructuring and changes to their corporate governance, OFAC intends to remove these companies […]

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Crimea
Global Trade
OFAC
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Sanctions
SDN

OFAC: Further Extension of EN+, RUSAL, GAZ licenses

Earlier this month, OFAC further extended the expiration date of certain general licenses related to EN+ Group plc (EN+), United Company RUSAL PLC (RUSAL), and GAZ Group (GAZ). These General Licenses 13H, 14D, 15C, and 16D so that their current expiration date now falls to January 21, 2019, for transactions related to the companies and their subsidiaries. […]

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Crimea
EU
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Sanctions

EU Adds 9 to Ukraine Sanctions List; Participation in Illegal “Elections”

Today, the Council of EU issued a Release noting that it added additional nine invidividuals to its Russia sanctions list, in connection with activities undermining the sovereignty of Ukraine.  The listed individuals are noted to have been involved in the so-called “elections” in the so-called “Donetsk People’s Republic’ and ‘Luhansk People’s Republic’, neither of which […]

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Crimea
EU
Russia
Sanctions

EU-Russia Sanctions Over Crimea and Azov Sea Likely to Continue

The EU sectoral sanctions in response to Russian “destabilizing the situation” in Ukraine came into effect back in 2014 for one year and have been renewed every six moths since.  The sanctions target Russia’s defense, energy and financial sectors primarily.  They were set to expire at the end of January of 2019.  During last week’s G20 Summit in Buenos Aires, the Council of […]

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Anti-Corruption
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Russian Rosatom’s Subsidiary Head Caught Bribing in Crimea

Nov. 19, 2018:  The Moscow Times reported that the head of a subsidiary of Rosatom, a Russian state-owned nuclear company, was seen (and detained) giving a bribe to Crimea, the disputed territory in Ukraine.  This is not the first time, as the head of another Rosatom subsidiary was charged in the US previously for soliciting bribes […]

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Crimea
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Russia
Sanctions

Russia Sanctions Against Ukraine: Adding 322 Individuals and 68 Legal Entities

According to the Release from November 1, 2018, this action follows President Putin’s Executive Order we posted on previously to counter the “Unfriendly Actions toward Citizens and Legal Entities of the Russian Federation” and includes 322 Ukrainian individuals and legal entities.  The Release notes that these are “[s]pecial economic measures to be imposed on certain individuals […]

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