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 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

US, UK, and EU Announce Potential Sanctions Responses to a Ukraine Incursion

Sanctions measures have been proposed in several jurisdictions as a potential response to any prospective Russian military incursion into Ukraine. A sanctions response of the sort currently proposed would have significant implications for companies doing business in Russia or with Russian companies. This post discusses the current proposed Ukraine-related sanctions measures in the United States, … Read more

Designated: A Sanctions Podcast EP3: Cross over event with The Bettor’s Verdict

In a special podcast cross over event, the Designated team joins The Bettor’s Verdict to discuss the Impact of Crypto on Sanctions and AML Laws in the United States.  In this episode, Designated host Jonathan Cross, is joined by The Bettor’s Verdict host Steve Jacobs, and Herbert Smith Freehills Partner John O’Donnell. Jonathan, Steven and … Read more

OFAC Extends Venezuela General License 8, Enabling US Energy Companies to Continue Engaging in Limited Activities With PdVSA

On November 17, OFAC issued General License 8G, Authorizing Transactions Involving Petróleos de Venezuela, S.A. (“PdVSA”) Necessary for the Limited Maintenance of Essential Operations in Venezuela or the Wind Down of Operations in Venezuela for Certain Entities (“GL 8G.”). GL 8G, like its predecessor General License No. 8F (“GL 8F”), authorizes several  US energy companies … Read more

OFAC Sanctions Russian Government Research Institution Connected to the Triton Malware

On October 23, OFAC designated State Research Center of the Russian Federation FGUP Central Scientific Research Institute of Chemistry and Mechanics (TsNIIKhM) to OFAC’s Specially Designated Nationals and Blocked Persons List because of TsNIIKhM’s involvement with Triton malware. TsNIIKhM is a Russian government-controlled research institution. OFAC’s press release is available here. The 2017 Triton Malware … Read more

President Issues New Iran EO, Broadening Secondary Sanctions Triggers, and E3 Trigger JCPOA Dispute Resolution Mechanism

In a significant intensification of US “secondary sanctions” against Iran, on January 10, 2020, President Trump issued an Executive Order (“EO”) that authorizes the imposition of US sanctions on persons or entities “operating in” the Iranian construction, mining, manufacturing, and textiles sectors, or which engage in “significant transactions” in those sectors. On the same day, … Read more