The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 12 Sep 2025 (New Zealand):
Content provided in collaboration with Chapman Tripp.
The Russia Sanctions Amendment Regulations (No 4) 2025 came into force. An additional 11 individuals and 8 entities were added to the Schedule of sanctions persons, and 19 vessels were also designated. The oil price cap was lowered, and further amendments were made to the Regulations, including removing one individual, replacing 16 Harmonised System codes, and amending the spelling of two individual names.
- 12 Sep 2025 (EU):
The Council of the European Union (the "Council") issued Council Decision (CFSP) 2025/1895 and Council Implementing Regulation (EU) 2025/1894, which extended the European Union's ("EU") asset freeze sanctions restrictions imposed, pursuant to Regulation (EU) No. 269/2014 by six months until March 15, 2026.
The OverRuled: China Trade Controls Resource Center has been updated with the following actions:
- 11 Sep 2025 (OFAC):
OFAC imposed sanctions on 32 individuals and entities based in Iran, Yemen, China, the United Arab Emirates, and the Marshall Islands, pursuant to EO 13224, for financing and facilitating the Houthis' acquisition of advanced military-grade materials, including ballistic missile, cruise missile, and unmanned aerial vehicle components, used to attack United States forces and its allies, as well as commercial shipping in the Red Sea. The targeted networks are part of the Houthis' global illicit fundraising, smuggling, and weapons procurement operations.
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