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On May 24, 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued a Notice indicating that OFAC will not renew the provisions of General License (“GL”) 9C which expired at 12:01 AM on May 25, 2022. GL 9C generally authorized all transactions ordinarily incident and necessary to dealings in debt … Read more
We previously discussed the Ukraine-related sanctions measures in Australia on February 23, February 25, March 1, March 15, March 18 and March 25. This update covers developments to Australia’s sanctions laws throughout April and May 2022 including: Read more
On May 12, 2022, the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury issued Syria General License (“GL”) 22, authorizing specific economic activities in certain non-regime-held areas of northeast and northwest Syria. The new authorization is intended to support the Biden Administration’s strategy to promote economic stabilization in areas liberated … Read more
We previously discussed Russia-related sanctions measures imposed by the United States on May 6, April 27, April 21, April 11, April 7, March 25, March 15, March 14, March 9, March 8, March 3, February 28, February 25, February 23, and February 4. We also discussed recent sanctions measures related to the Russian energy sector in a podcast episode. This post provides an update regarding further … Read more
We previously discussed Russia-related sanctions measures imposed by the United States on April 27, April 21, April 11, April 7, March 25, March 15, March 14, March 9, March 8, March 3, February 28, February 25, February 23, and February 4. We also discussed recent sanctions measures related to the Russian energy sector in a podcast episode. This post provides an update regarding further Russia-related sanctions … Read more
The Russia sanctions position continues to be subject to rapid change. Our latest update summarises the newly announced sixth package of EU sanctions in response to the ongoing conflict with further updates to follow once more details on these measures are published. On 4 May the President of the European Commission announced proposals for a sixth package … Read more
Our latest update on the sanctions response to the conflict in Ukraine summarises the new internet-related restrictions introduced by the UK, and provides a round-up of certain other recent UK and EU developments. UK UK – new sanctions legislation The Russia (Sanctions) (EU Exit) (Amendment) (No. 9) Regulations 2022 (the “Amending Regulations”) were published on 27 April, … Read more
Our latest update on the sanctions response to the conflict in Ukraine summarises the new internet-related restrictions introduced by the UK, and provides a round-up of certain other recent UK and EU developments. UK UK – new sanctions legislation The Russia (Sanctions) (EU Exit) (Amendment) (No. 9) Regulations 2022 (the “Amending Regulations”) were published on … Read more
We previously discussed Russia-related sanctions measures imposed by the United States on April 21, April 11, April 7, March 25, March 15, March 14, March 9, March 8, March 3, February 28, February 25, February 23, and February 4. We also discussed recent sanctions measures related to the Russian energy sector in a podcast episode. This post provides an update regarding further Russia-related sanctions measures in … Read more
