Trade law and supply chain news, insights, and commentary
New UK Sanctions: On July 21, 2022, the UK introduced a new tranche of restrictions in the 14th amendment to its Russian Sanctions Regulations. Several of the new restrictions are detailed below.
The UK prohibited UK persons from directly or indirectly providing accounting services, business and management consulting services, and public relations services to…
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…
Russia Sanctions: This week the United Kingdom designated several additional individuals, primarily for contributing to the spread of disinformation about Ukraine and promoting Russian actions in Ukraine, or for their affiliation with organizations that have spread disinformation relating to Ukraine, such as SouthFront and NewsFront. The United Kingdom also designated United World International, an…
Russia Sanctions: This week the United States designated dozens of additional entities and individuals as Specially Designated Nationals (“SDNs”). Notable designations included State Corporation Rostec (“Rostec”), a large Russian state-owned company that operates in the automotive, defense, aviation, and metal industries; individuals who were part of a covert procurement network linked to Russia’s Federal…
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…
Russia Sanctions: The U.S. today designated two key supporters of an extremist group called the Russian Imperial Movement (“RIM”) under the Specially Designated Global Terrorist program. OFAC explained that “RIM and its supporters continue to exacerbate Russia’s war of aggression in Ukraine through their fundraising efforts.”
The UK designated 12 individuals and entities under…
Russia Sanctions: The EU and UK each made several amendments regarding previously-designated individuals and entities. The amendments included corrections to names and dates of birth.
General Licenses: The U.S. made two announcements related to general licenses (“GLs”). The U.S. announced that it will not renew GL 9C. The specific provisions that expired are:…
Russia Sanctions: Since the Russian invasion of Ukraine on February 24, the U.S. has continued to expand the scope of restrictions imposed against Russia’s largest banks, expanded sanctions on several individual Russian oligarchs and politicians with influence and connections to President Putin, and imposed expansive restrictions on exports of U.S. goods and technology. Numerous…
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