New Updates for 01-Mar-2023

March 1, 2023

Reading Time : 2 min

The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:

  • 25 Feb 2023 (EU):

    ​On February 25, 2023, the European Council published its 10th round of sanctions including, inter alia, a total of 121 new designations (87 individuals and 34 entities), and several products which are now the subject of export controls and enhanced reporting obligations. The export restrictions target electronic components used in Russian weapons systems (including drones, missiles, helicopters and other vehicles), as well as specific rare earths and thermal cameras with military applications. The new reporting obligations require EU persons to retroactively provide information regarding asset transfers of designated person assets prior to their designation, and require private aircraft operators to notify their national authority in advance of any flights between the EU and Russia.

  • 24 Feb 2023 (Australia):

    ​Content provided in collaboration with​ Moulis Legal.​​​

    Australia has designated an additional 90 individuals and 40 entities.

  • 24 Feb 2023 (BIS):

    ​BIS imposed a Temporary Denial Order (“TDO”) on Russian company Radiotester OOO a/k/a Radiotester LLC, and on Russian individual Ilya Balakaev.  In parallel, the Department of Justice (“DOJ”) unsealed a 5-count charging Balakaev for export violations.

  • 23 Feb 2023 (Canada):

    ​Content provided in collaboration with​ McCarthy Tétrault​.

    Canada lists an additional 129 individuals and 63 entities under the Special Economic Measures (Russia) Regulations.

  • 15 Feb 2023 (Australia):

    ​Content provided in collaboration with​ Moulis Legal.​​​

    Australia amends the operations prohibitions regarding refined petroleum products to implement G7 agreed price caps​.

Please send an email to overruledhelp@akingump.com if you would like to subscribe to access additional detail about these and other Russia-related actions. If you are already a paid subscriber, please login to the OverRuled: Russia Trade Controls Resource Center for access to exclusive content, analysis, and historic search functionality.

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