Topic
Sanctions
3,138 published works
International Trade Law
OFAC issues Russia-related General License 83A
On February 20, 2024, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) issued Russia-related General License (GL) 83A, “Authorizing Certain Transactions Related to Imports of Certain Categories…
International Trade Insights
U.S. GOVERNMENT IMPOSES OVER 600 DENIED PARTIES DESIGNATIONS ON SECOND ANNIVERSARY OF RUSSIA’S UKRAINE
By Cortney Morgan, Grant Leach, Eric Dama (Former Husch Blackwell Attorney), Emily Mikes
Sanctions Designations and Business Advisory Issued by OFAC and the U.S. State Department On February 23, 2024, the Treasury Department’s Office of Foreign Assets Control (“OFAC”) and Department of State…
SmarTrade
U.S. Imposes New Sanctions on Russia to Commemorate Second Anniversary of Russia’s Invasion of Ukraine
By Francesca M.S. Guerrero, Samir D. Varma, Aaron C. Mandelbaum, Scott E. Diamond**
On February 23, 2024, the eve before Russia’s full-scale invasion of Ukraine officially enters its third year, the United States issued another sanctions package against Russia, taking particular aim at…
Subject to Inquiry
G7+ Coalition Issues Alert on Russian Oil Price Cap Evasion Methods and How to Report Violations
By Alex J. Brackett, Jordan LaPointe
On February 1, 2024, the G7+ Coalition (consisting of the G7, the European Union, and Australia) published an Oil Price Cap (OPC) Compliance and Enforcement Alert (the “Alert”), identifying notable…
International Compliance Blog
OFAC Issues Significantly Revised NGO Authorizations for North Korea
The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has published major revisions to its humanitarian authorizations and other general licenses under the North Korean Sanctions Regulations…
International Trade Law
BIS/OFAC Announce New Sanctions and Entity List Designations on Two-Year Anniversary of Russia’s Invasion of Ukraine
Feb. 23, 2024--Today, following the death of opposition politician and anti-corruption activist Aleksey Navalny, and after two years of Russia’s unprovoked and unlawful full-scale invasion of Ukraine, the Commerce Department’s…
The Right Coast
It s Time to Seize Russia s Reserves – WSJ
The White House is promising tough new sanctions on Russia after the murder of opposition leader Alexei Navalny, but the test of seriousness will be whether President Biden is willing…
SmarTrade
OFAC Extends Authorizations Under Updated Russia General License 83A
By Francesca M.S. Guerrero, Samir D. Varma, Aaron C. Mandelbaum, Scott E. Diamond**
On February 20, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) extended Russia-related General License (GL) 83 by issuing a revised version: GL 83A, “Authorizing Certain Transactions…
Global Regulation Tomorrow
PRA publishes Policy Statement on the review of rules (PS4/24)
By Anita Edwards, Simon Lovegrove (UK)
On 22 February 2024, the Prudential Regulation Authority (PRA) published Policy Statement PS4/24, which provides feedback to responses to Consultation Paper CP11/23 on its proposed approach to reviewing its rules.…
International Compliance Blog
OFSI Publishes Update on New Russia Sanctions Reporting Requirements
By Alexandra Melia, Elliot Letts
The UK government introduced new reporting requirements under The Russia (Sanctions) (EU Exit) Regulations 2019 (“Russia Regulations”) in December 2023, with the goal of strengthening transparency in relation to assets…