The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 12 Aug 2025 (Switzerland):
The Federal Department of Economic Affairs, Education and Research ("EAER") adopted some of the measures introduced by the EU's 18th sanctions package against Russia, namely new asset freeze designations against 14 individuals and 41 companies, stricter export controls on 26 entities from third countries, and further trade restrictions against 105 vessels, pursuant to the Swiss Ordinance on Measures Connected with the Situation in Ukraine ("Swiss Ordinance").
The OverRuled: China Trade Controls Resource Center has been updated with the following actions:
- 12 Aug 2025 (OFAC):
OFAC imposed sanctions on four entities based in the Democratic Republic of the Congo ("DRC") and Hong Kong, pursuant to EO 13413, for their links to armed group violence and the sale of critical minerals in the DRC. The designated entities are involved in illegal mining operations and taxation schemes in Rubaya and engaged in trading conflict-linked minerals from the DRC on international markets, often through Rwanda. Specifically, two Hong Kong-based companies were sanctioned for having materially assisted, sponsored, or provided financial, material, logistical, or technological support for, or goods or services in support of, a sanctioned Congolese entity.
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