The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 29 Jun 2023 (OFAC):
The Akin Summary document has now been posted for this action.
On June 29, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control and His Majesty's Treasury’s Office of Financial Sanctions Implementation issued a joint U.S. and UK alert titled "Humanitarian Assistance and Food Security Fact Sheet: Understanding UK and U.S. Sanctions and their Interconnection with Russia" (the "Alert"). The Alert provides answers to frequently asked questions about the provision of humanitarian assistance, including agricultural trade or the provision of medical supplies, that may be impacted by U.S. and UK sanctions on Russia.
- 29 Jun 2023 (UK):
The Akin Summary document has now been posted for this action.
On June 29, 2023, the UK issued a series of new restrictions regarding (among other things) the provision of 'legal advisory services' under the UK-Russia sanctions. The new measures took effect on June 30, 2023.
- 28 Jun 2023 (BIS):
The Akin Summary document has now been posted for this action.
The Five Eyes partners—Australia, Canada, New Zealand, the United Kingdom, and the United States—committed to formalize their cooperation on export control enforcement.
- 27 Jun 2023 (OFAC):
The Akin Summary document has now been posted for this action.
On June 27, 2023, The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) designated four entities and one individual pursuant to Executive Order 14024 that are connected to Russian paramilitary group PMC Wagner (“Wagner Group”) and its owner and founder, Yevgeniy Prigozhin. According to the Department of the Treasury’s press release, the four designated entities, which are located in the Central African Republic, the United Arab Emirates, and Russia, have helped fund the Wagner Group’s armed forces, including those in Ukraine, while the designated individual “has been central to activities of Wagner group units in Mali.” OFAC and the U.S. Department of State have previously designated both the Wagner Group and Prigozhin under multiple sanctions authorities.
- 27 Jun 2023 (OFAC):
The Akin Summary document has now been posted for this action.
On June 27, 2023, the U.S. Departments of State, the Treasury, Commerce, Homeland Security, Labor, and the United States Agency for International Development issued an Africa Gold Advisory that highlights certain risks presented by the gold trade in sub-Saharan Africa, including risks related to conflict and terror financing, money laundering, sanctions evasion, human rights and labor abuses, and environmental degradation. The Africa Gold Advisory also encourages industry participants to adopt and strengthen enhanced due diligence practices in order to “reduce risks and increase responsible opportunities associated with the gold industry in sub-Saharan Africa.”
- 27 Jun 2023 (BIS):
The Akin Summary document has now been posted for this action.
BIS modified its June 15, 2023 renewed Temporary Denial Order (“TDO”) on Russian entity Nordwind Airlines to remove Pegas Touristik as a related person on the TDO.
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