Russia Sanctions: The UK designated 63 individuals this week, including several war correspondents embedded with Russian forces in Ukraine that work at Channel One, a major state-owned media outlet in Russia. The UK also designated one entity, Evraz PLC, a UK-incorporated holding company of a multinational steel manufacturing and mining company group. Additionally, the
Sanctions
Sanctions/Export Highlights [As of April 28, 2022]
Russia Sanctions: There were limited developments this week. There has been speculation that the EU would release its sixth round of sanctions against Russia, but no updates have been reported thus far. The new package of sanctions is still expected soon. The U.S. and UK also did not expand their list of designations this…
Sanctions/Export Highlights [As of March 31, 2022]
Russia Sanctions: As the war enters its fifth week, the U.S. and UK continue to expand the restrictions and add to the list of designated individuals and entities. Relative to sanctions and other prohibitions previously announced, there were few developments over the past week, but additional targeted sanctions may be forthcoming should the Russian…
Russia Sanctions/Export Highlights [As of March 10, 2022]
Russia Sanctions: The U.S., EU, and UK continue to apply pressure on Russia through new sanctions on oligarchs and politicians and restrictions on exports. A number of other countries have implemented similar measures and continue to widen the scope of such prohibitions as the invasion continues. On a more limited scale, Belarus has also…
Breaking News: Expanded U.S. Ban on Russian Imports and Russia’s Removal from Permanent Normal Trade Relations Status
Friday, March 11, 2022 – Today, United States President Joseph Biden formally announced via Executive Order that the following Russian-origin goods will no longer be permitted importation into the U.S. customs territory:
- Fish, seafood, and preparations thereof;
- Alcoholic beverages;
- Non-industrial diamonds; and
- Any other products of Russian Federation-origin as may be determined by the Secretary
…
Crowell & Moring On Demand Webinar – Russia-Related Sanctions Developments
Our Trans-Atlantic team provides guidance on the current state of the rapidly changing Russia-related sanctions landscape, including new measures both implemented and expected, from the United States, United Kingdom, and European Union.
Webinar Link – https://event.on24.com/wcc/r/3681757/F7B161E5093B584A4609CC09265B4AC8
In order to view, fill out register form.
Speakers
- Dj Wolff, Partner; Attorney at Law, Washington, D.C. &
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U.S., EU and UK Escalate Belarus Sanctions
On December 2, 2021, the United States, the European Union (“EU”), the United Kingdom (“UK”) and other allies took coordinated action to designate various individuals, entities, and aircraft connected to human rights abuses by Belarussian President Alexander Lukashenko and his regime. This builds on asset freezing actions by the U.S., UK, EU, and Canada earlier…
Treasury Agencies Issue Virtual Currency Sanctions Compliance Guidance and Ransomware Trends Statistics
On October 15, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued its first-ever sanctions compliance guidance (the “OFAC Guidance” or “Guidance”) for the virtual currency industry. The Guidance represents a focused effort by OFAC to highlight sanctions risks present in the virtual currency industry, which has experienced tremendous growth…
Webinar: Current Events and Hot Topics in Sanctions with Crowell Counsel Nicole Sayegh Succar
Date: November 9, 2021
Time: 5:30 PM – 6:45 PM EDT
Please join a panel of experts discusses current events and hot topics in economic sanctions, including the latest developments in Afghanistan, China, and Myanmar. The speakers will also discuss recent OFAC advisories as well as enforcement actions to address best practices and key takeaways…
Office of Foreign Assets Control (OFAC) Issues License For the U.S. Government and U.S. Government Contractors for Humanitarian Assistance in Afghanistan
On August 25, 2021, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a License (the License) pursuant to OFAC’s Global Terrorism Sanctions Regulations (GTSR or SDGT Sanctions) and Foreign Terrorism Organizations Sanctions Regulations (FTOSR) following a request from the Department of State. Under Section 1 of the License, the U.S. Government,…