OFAC Enters into Settlement Agreement with S&P Global, Inc.

On April 1, 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) entered a settlement agreement with S&P Global, Inc. (“S&P Global”), a New York-based company that provides business information and financial analytics.  According to a press release, S&P Global agreed to pay $78,750 to settle its potential civil liability for … Read more

Designated: A Sanctions Podcast: EP4: Russian Energy Sector Sanctions Measures Implemented in Response to the Crisis in Ukraine

In this mini-series, we discuss the recent sanctions measures implemented in the U.S., E.U., and U.K. as a response to the crisis in Ukraine. In this episode, Jonathan Cross, Lode Van Den Hende, Elizabeth Head, and Brittany Crosby-Banyai focus on the recent sanctions that impact the Russian energy sector. Herbert Smith Freehills Podcasts · Designated: … Read more

Sanctions Tracker Summary – Global Sanctions Responses to the Crisis in Ukraine

Updates from March 14, 2022 through March 18, 2022 Within a brief period, the international sanctions environment applicable to trade with Russia has been fundamentally transformed.  We have published a number of recent updates regarding sanctions measures that have been proposed and enacted in several jurisdictions as a response to the conflict in Ukraine.  These … Read more

Sanctions tracker – further UK and EU sanctions imposed on Russia

UK Passage of new economic crime legislation The Economic Crime (Transparency and Enforcement) Act 2022 (the “Act”) received Royal Assent during the early hours of 15 March, following its expedited passage through the legislative process. (For our previous commentary on the legislation, please see our previous blogpost). A more detailed briefing on the Act will follow but, in … Read more

Sanctions Tracker – Further U.S. Responses to the Conflict in Ukraine

We previously discussed sanctions measures that have been enacted in several jurisdictions as a response to the conflict in Ukraine on February 4, February 23, February 25, February 28, March 3, March 8, and March 9, and March 14.  This post provides an update regarding further Russia-related sanctions measures in the United States. New Designations … Read more

Sanctions Tracker – Further U.S. Responses to the Conflict in Ukraine

We previously discussed sanctions measures that have been enacted in several jurisdictions as a response to the conflict in Ukraine on February 4, February 23, February 25, February 28, March 3, March 8, and March 9.  This post provides an update regarding further Russia-related sanctions measures in the United States. Issuance of Another Russia-Related Executive … Read more

Sanctions Tracker Summary – Global Sanctions Responses to the Crisis in Ukraine

Updates from February 4, 2022 through March 11, 2022. Within a brief period, the international sanctions environment applicable to trade with Russia has been fundamentally transformed, such that Russia is, in many respects, now a comprehensively sanctioned jurisdiction.  We have published a number of recent updates regarding sanctions measures that have been proposed and enacted … Read more