The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 04 Aug 2023 (UK):
On August 4, 2023, the Office of Financial Sanctions Implementation "OFSI") updated the Oil Price Cap and Maritime Services Ban Reporting Forms.
- 04 Aug 2023 (Russia - Countermeasures):
New legislation establishes administrative and criminal liability for participation in and/or facilitation of unregistered non-Russian NGOs' activities in Russia.
- 04 Aug 2023 (Russia - Countermeasures):
A one-off windfall profit tax payment will be due in 2024 from large companies in Russia.
- 04 Aug 2023 (Russia - Countermeasures):
New Russian countermeasures allow the blocking of property and financial resources of persons designated as "blocked" under Russian countermeasures legislation.
- 04 Aug 2023 (Russia - Countermeasures):
Russian UBOs of Russian "economically significant organizations" holding their interests through holding companies associated with "unfriendly" jurisdictions (or controlled by them) may obtain Russian court decisions allowing such Russian UBOs to receive dividends directly from the Russian "economically significant organizations", as well as to become direct shareholders in the said organizations, with their interests therein being pro rata to their shareholdings in the "unfriendly" holding companies.
- 03 Aug 2023 (EU):
On August 3, 2023, the EU adopted new sanctions against Belarus.
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