UK Amends Designation of Arkady Rotenberg: On September 16, 2022, the UK replaced the designation entry for Arkady Romanovich Rotenberg. The new entry description focuses on Mr. Rotenberg’s role in the construction of the Kerch Bridge, and the railway line on the bridge, which stretch from Russia to Crimea. Mr. Rotenberg was originally designated
Sanctions/Export Highlights [As of September 15, 2022]
Sanctions Designations:
- U.S. Designates Numerous Individuals and Entities: On September 15, 2022, the U.S. added a number of individuals and entities to the Specially Designated Nationals and Blocked Persons (“SDN”) List. The sanctions target Russia’s financial system, including the heads of Russia’s state-run card payment system (NSPK), central securities depository, stock exchange’s clearing
Sanctions/Export Highlights [As of September 1, 2022]
Russia Sanctions: This week the European Union designated three additional individuals. Two of the individuals are members of the Duma who undermined the territorial integrity, sovereignty, and independence of Ukraine by voting in favor of a resolution regarding the need to recognize the so-called Donetsk People’s Republic and Luhansk People’s Republic. The other sanctioned
Sanctions/Export Highlights [As of August 25, 2022]
UK Sanctions Removal and Other Amendments: On August 23, 2022, the UK delisted Mikhail Vladimirovich Razvozhayev, the Governor of Sevastopol, who had been subject to a UK asset freeze since late July 2022. The UK published amendments for 42 other individuals and entities, primarily revising descriptions of the parties.
U.S. and UK Issue General
Sanctions/Export Highlights [As of August 18, 2022]
UK Publishes General License for Energy for Mongolia: On August 16, 2022, the UK published General License INT/2022/2085212 for Mongolia energy payments. The license permits payments to the Credit Bank of Moscow, Gazprombank, Sberbank, Rosbank PJSC, or any entity owned or controlled by these banks, for the purpose of making energy available for use
Sanctions/Export Highlights [As of August 4, 2022]
EU Designates Viktor Yanukovych and His Son: On August 2, 2022, the EU designated the former president of Ukraine, Viktor Yanukovych. Viktor Yanukovych was pro-Russia when he was president, and a Ukrainian court later found him guilty of treason. He currently resides in Russia, and the EU alleged him to be involved in a
Sanctions/Export Highlights [As of July 28, 2022]
EU Extends Sanctions Six Months: On July 26, 2022, the EU renewed restrictions on specific sectors of Russia’s economy until January 31, 2023. This includes restrictions on finance, energy, technology and dual-use goods, industry, transport and luxury goods.
UK Designates 41 More Individuals and One Additional Entity: On July 26, 2022, the UK
Sanctions/Export Highlights [As of July 14, 2022]
U.S. General Licenses and Guidance: The Office of Foreign Assets Control (“OFAC”) issued four general licenses (“GLs”) this week. In GL6B, OFAC expanded the authorizations in the previous GL 6A to also permit all transactions “related to…the production, manufacturing, sale, or transport of…agricultural equipment”, in addition to the previously-authorized transactions, including transactions relating to
Sanctions/Export Highlights [As of June 23, 2022]
New UK Sanctions: The UK announced a new tranche of restrictions on June 22, 2022, which became effective on Thursday, June 23, 2022. As summarized on the UK government’s website, the latest prohibitions include the following:
Export Restrictions
Prohibitions on the export, supply and delivery, making available and transfer (as well as related technical
Sanctions/Export Highlights [As of June 9, 2022]
Sixth Round of EU Sanctions
As previewed in last week’s weekly highlights, the EU published a new round of sanctions on June 3, 2022, which includes a wide range of new restrictions. Key provisions are summarized below.
The EU now prohibits the purchase, import, or transfer of Russian-origin crude oil and certain petroleum products. Although