The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 21 May 2024 (UK):
The Department for Business and Trade, together with the Export Control Joint Unit, published new guidance in respect of the sale and brokering of second-hand vessels to third countries. The guidance aims to consolidate industry awareness of possible sanctions circumvention risks, including common deceptive practices that may undermine the objectives of UK sanctions, as well as supporting businesses with tailoring their due diligence, and sanctions compliance policies and procedures.
- 17 May 2024 (UK):
The Office of Financial Sanctions Implementation ("OFSI") designated Vostochnaya Stevedore Limited Liability Company ("Vostochnaya LLC") pursuant to The Russia (Sanctions) (EU Exit) Regulations 2019, for the purposes of an asset freeze and trust services sanctions.
The OverRuled: China Trade Controls Resource Center has been updated with the following actions:
- 22 May 2024 (China - Countermeasures):
The Ministry of Foreign Affairs announced sanctions against twelve U.S. defence companies and their senior management, in relation to the United States' "economic coercion" against Chinese companies and its sales of arms to Taiwan.
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