Russia

Brexit
Russia
Sanctions
UK

UK Published Regulations on Russia Sanctions Post Brexit

May 15, 2019: Earlier this month, the UK has published regulations that will serve as its Russia Sanctions regulations regime after a no-deal Brexit.  For guidance on UK’s Russia sanctions, click here.  Click the hyperlinks for the full documents.  For a report regarding the purpose of these regulations, click here.

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Crimea
Freshly Brewed
Global Trade
Russia
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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EU
Russia
Sanctions

EU Lists 8 Russian Officials: Ukraine Sanctions

Last week, the EU listed 8 Russian officials in response to “escalation in the Kerch Strait and the Sea of Azov and the violations of international law by Russia, which used military force with no justification”. The newly added officials are targeted due to their actions against territorial integrity, sovereignty or independence of Ukraine.  The […]

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Global Trade
OFAC
Russia
Sanctions

OFAC Extension of Ukraine-Related GAZ Group Licenses

Last week, OFAC temporarily (through  July 6, 2019) extended two Ukraine-related general licenses related to GAZ Group by issuing General License No. 13K – Authorizing Certain Transactions Necessary to Divest or Transfer Debt, Equity, or Other Holdings in Certain Blocked Persons, and General License No. 15E – Authorizing Certain Activities Necessary to Maintenance or Wind Down of Operations or Existing […]

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Freshly Brewed
Global Trade
OFAC
Russia
Sanctions
Venezuela

OFAC Designates Russian Bank Evrofinance Mosnarbank as an SDN

March 11, 2019:  OFAC issued an update to its Venezuela SDN designations today.  Russian bank Evrofinance Mosnarbank that is based in Moscow, is jointly owned by Russian and Venezuelan state-owned companies, was designated as an SDN.  According to the Treasury Department’s Release, today’s action was taken pursuant to Executive Order (E.O.) 13850 and targets a […]

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Freshly Brewed
Global Trade
OFAC
Russia
Sanctions
SDN

#Sanctions: OFAC Delists EN+ Group, JSC Erosibenergo and Rusal from #SDN

January 27, 2019:  The Treasury Department’s OFAC issued a notice of deletions from the SDN list of the following entities linked to Oleg Deripaska: EN+ GROUP PLC, Esplanade 44, Saint Helier JE4 9WG, Jersey; 8 Cleveland Row, London SW1A 1DH, United Kingdom; 1 Vasilisy Kozhinoy St., Moscow 121096, Russia; Registration ID 91061 [UKRAINE-EO13661] [UKRAINE-EO13662] (Linked […]

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Freshly Brewed
Global Trade
OFAC
Russia
Sanctions

OFAC: EN+, RUSAL & EuroSibEnergo Licenses Extended Further

January 16, 2019:  The Treasury Department issued a notice of an additional extension of certain licenses related to EN+ Group PLC, JSC EuroSibEnergo, and United Company RUSAL PLC, by issuing the following three general licenses:  General License No. 13J – Authorizing Certain Transactions Necessary to Divest or Transfer Debt, Equity, or Other Holdings in Certain Blocked […]

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Freshly Brewed
Global Trade
OFAC
Russia
Sanctions
SDN

EN+, Rusal, EuroSibEnergo De-listing Announcement

On January 10, 2019 the US Treasury issued a statement that the US Treasury Secretary Steven T. Mnuchin announced that “En+, Rusal, and ESE were designated for sanctions solely because they were majority-owned or controlled by [Oleg] Deripaska. These entities are undergoing significant restructuring and governance changes that sever Deripaska’s control and significantly diminish his ownership. […]

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Best Practices & Resources
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China
Crimea
Global Trade
Iran
OFAC
Russia
Sanctions
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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