The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 01 Aug 2023 (UK):
On August 1, 2023, the Office of Financial Sanctions Implementation ("OFSI") issued General Licence INT/2023/3263556, which permits certain dealings with GTLK entities pursuant to their insolvency proceedings.
- 28 Jul 2023 (EU):
The Akin Summary document has now been posted for this action.
On July 28, 2023, the EU designated seven individuals and five entities under its Russia sanctions regime.
- 26 Jul 2023 (OFAC):
The Akin Summary document has now been posted for this action.
On July 26, 2023, the Departments of Commerce, Justice, and the Treasury issued a "Tri-Seal Compliance Note: Voluntary Self-Disclosure of Potential Violations," a joint note describing voluntary self-disclosure policies that apply to U.S. sanctions, export controls, and other national security laws. The Tri-Seal Compliance Note also highlights recent updates to certain of those policies.
- 26 Jul 2023 (BIS):
The Akin Summary document has now been posted for this action.
On July 26, 2023, the Departments of Commerce, Justice, and the Treasury issued a "Tri-Seal Compliance Note: Voluntary Self-Disclosure of Potential Violations," a joint note describing voluntary self-disclosure policies that apply to U.S. sanctions, export controls, and other national security laws. The Tri-Seal Compliance Note also highlights recent updates to certain of those policies.
- 26 Jul 2023 (EU):
The Akin Summary document has now been posted for this action.
On July 26 2023, the EU updated its FAQs concerning Luxury Goods.
- 26 Jul 2023 (EU):
The Akin Summary document has now been posted for this action.
On July 26, 2023, the EU updated its FAQs concerning Transit of Listed Goods via Russia.
- 26 Jul 2023 (EU):
The Akin Summary document has now been posted for this action.
On July 26, 2023, the EU updated its FAQs concerning Customs Related Matters.
- 26 Jul 2023 (EU):
The Akin Summary document has now been posted for this action.
On July 26, 2023, the EU updated its FAQs concerning Import, Purchase & Transfer of Listed Goods.
- 26 Jul 2023 (UK):
The Akin Summary document has now been posted for this action.
On July 26, 2023, the Office of Financial Sanctions Implementation ("OFSI") updated its financial sanctions General Guidance to include Section 6.12 in relation to rejected license applications.
- 24 Jul 2023 (OFAC):
The Akin Summary document has now been posted for this action.
On July 24, 2023, OFAC designated three Malian transition government and military officials pursuant to E.O. 14024 for facilitating the deployment and expansion of the activities of Private Military Company "Wagner" (Wagner Group) in Mali which, according to Treasury, has paved the way for the exploitation of Mali's resources to benefit the Wagner Group's operations in Ukraine.
- 24 Jul 2023 (EU):
The Akin Summary document has now been posted for this action.
On July 24, 2023, the EU updated its FAQs concerning Access to EU ports.
- 24 Jul 2023 (EU):
The Akin Summary document has now been posted for this action.
On July 24, 2023, the EU updated its FAQs concerning the Oil Price Cap.
- 24 Jul 2023 (EU):
The Akin Summary document has now been posted for this action.
On July 24, 2023, the EU updated its FAQs concerning the Asset Freeze and prohibition to provide funds or economic resources.
- 24 Jul 2023 (EU):
The Akin Summary document has now been posted for this action.
On July 24, 2023, the EU updated its FAQs concerning the Provision of Services.
- 21 Jul 2023 (EU):
The Akin Summary document has now been posted for this action.
On July 21, 2023, the EU designated five individuals under its Russia sanctions regime, for their involvement in the provision of Unmanned Aerial Vehicles ("UAVs") to Russia.
- 20 Jul 2023 (OFAC):
The Akin Summary document has now been posted for this action.
On July 20, 2023, OFAC and the U.S. Department of State designated over 110 individuals and entities, and identified 14 vessels as blocked property, in an action aimed at impeding Russia’s access to battlefield supplies and military or sensitive dual-use goods and technology; limiting Russia’s revenue from extractive industries; and further degrading Russia’s access to the international financial system. In total, OFAC and the U.S. Department of State designated 18 individuals and 95 entities pursuant to E.O. 14024. Additionally, the U.S. Department of State identified 14 vessels as blocked property. These sanctioned individuals and entities operate in a variety of industries, including the defense and related materiel, technology, electronics, energy, finance, and metals and mining sectors of the Russian Federation economy. The designations include, among others, Russian government officials; suppliers, importers, and producers of sensitive dual-use goods and technologies and munitions; manufacturers of equipment and chemicals for the energy industry; private military companies; and five additional Russian financial institutions. While most of the individuals and entities designated in this action are based in Russia, entities based in the Kyrgyz Republic, Serbia, and United Arab Emirates were also designated.
Concurrent with these designations, OFAC issued two general licenses: (i) General License 70, which authorizes the wind down of transactions involving Joint Stock Company Ural Mining and Metallurgical Company and its subsidiaries until October 18, 2023, subject to certain conditions, and (ii) General License 71, which authorizes the wind down and rejection of certain transactions involving five Russian financial institutions designated on July 20, 2023, as well as their subsidiaries, until October 18, 2023, subject to certain conditions.
- 20 Jul 2023 (UK):
The Akin Summary document has now been posted for this action.
On July 20, 2023, the UK removed Oleg Yurievch Tinkov from the UK sanctions list.
- 19 Jul 2023 (BIS):
The Akin Summary document has now been posted for this action.
BIS issued guidance on preparing license applications for the export, reexport, or transfer (in-country) of medical-related items to or within Russia, Belarus, and the Occupied/Covered Regions of Ukraine.
- 18 Jul 2023 (EU):
The Akin Summary document has now been posted for this action.
On July 18, 2023, the EU Commission updated its FAQs to include new questions in respect of: (1) The prohibition against importing iron and steel products produced in a third-country using Russian iron and steel inputs to the European Union; and (2) Internet subdomains and newly-created domains in the context of media.
- 17 Jul 2023 (UK):
The Akin Summary document has now been posted for this action.
On July 17, 2023, the United Kingdom designated 13 individuals and one entity pursuant to The Russia (Sanctions) (EU Exit) Regulations 2019. The sanctions measures target those involved in Russia's attempts to remove Ukrainian national identity through its programme of forced deportation of Ukrainian children, spreading propaganda, inciting violence and hatred towards Ukraine, and a network of re-education camps based in mainland Russia and the illegally annexed territory of Crimea.
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