The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 18 Jun 2025 (UK):
The Office of Financial Sanctions Implementation ("OFSI") issued the "Art Market Participants and High Value Dealers Threat Assessment Report" (the "Assessment"), addressing threats to UK sanctions compliance faced by Art Market Participants ("AMPs") and High Value Dealers ("HVDs"). This Assessment is the fourth report in a series of sector-specific assessments issued by OFSI.
- 18 Jun 2025 (OFAC):
The Akin Summary document has now been posted for this action.
The U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC") issued Russia-related General License ("GL") 55D, "Authorizing Certain Services Related to Sakhalin-2".
The OverRuled: China Trade Controls Resource Center has been updated with the following actions:
- 20 Jun 2025 (OFAC):
OFAC imposed sanctions on eight entities and one individual based in the PRC, Hong Kong, Iran, Singapore, and Türkiye, pursuant to EO 13382, for their involvement in the procurement and transshipment of sensitive machinery from China for Iran's defense industry. This action is in furtherance of National Security Presidential Memorandum-2, which directs that Iran be denied the development of missiles and other weapons capabilities and that the Islamic Revolutionary Guard Corps and its surrogates be disrupted, degraded, or denied access to the resources that sustain their destabilizing activities.
Please send an email to subscriptions@overruled.com if you would like information on how to subscribe to access additional detail about these and other sanctions- and export controls-related actions. If you are already a paid subscriber, please login to OverRuled for access to exclusive content, analysis, and historic search functionality.