The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 06 Dec 2023 (BIS):
The Department of Justice ("DOJ") unsealed two separate indictments against Hans Marie De Geetere, a Belgian national, for crimes related to a years-long scheme to unlawfully export sensitive military-grade technology from the U.S. to end users in China and Russia. Concurrent with these indictments, the Bureau of Industry and Security ("BIS") and the Office of Foreign Assets Control ("OFAC") added De Geetere and his companies, Knokke-Heist Support Management Corporation and European Trading Technology BV, to the Entity List and Specially Designated Nationals and Blocked Persons ("SDN") List, respectively, for illegally diverting U.S.-origin electronic components used in missiles, unmanned aerial vehicles, electronic warfare receivers, and military radar on behalf of parties in China and Russia.
- 06 Dec 2023 (UK):
The UK designated 25 individuals and 20 entities pursuant to The Russia (Sanctions) (EU Exit) Regulations 2019 (the "Regulations"). As a result, these individual/entities are subject to asset freeze measures, as well as trust services sanctions under the Regulations. In addition, the UK has also designated one entity pursuant to The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019, which is now subject to asset-freeze measures also.
Further to such action, and to raise awareness of Russia's attempts to circumvent UK sanctions, the National Crime Agency ("NCA"), together with the National Economic Crime Centre ("NEEC"), Joint Money Laundering Intelligence Taskforce ("JMLIT") and Office for Financial Sanctions Implementation ("OFSI"), have published a 'Red Alert' guidance document concerning 'Exporting High Risk Goods', which provides information to UK businesses on common techniques suspected to be in use to evade sanctions on the export of high-risk goods, which Russia is using on the battlefield in Ukraine.
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