The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 27 Mar 2023 (Russia - Countermeasures):
The Russian Government Commission adjusts the rules relating to the payment of “divestment tax” as part of Russian assets’ divestment transactions involving “unfriendly” investors.
- 24 Mar 2023 (Russia - Countermeasures):
The Russian Central Bank extends the prohibition for non-qualified individual investors to purchase securities associated with “unfriendly” states.
- 24 Mar 2023 (OFAC):
OFAC designated three entities and nine individuals, and identified one aircraft as blocked property, pursuant to EO 14038. The designated entities include Belarusian state-owned entities supporting the Lukashenka regime’s crackdown on Belarus’s pro-democracy movement and civil society, and the designated individuals are executives, managers, and members of the designated entities. OFAC also identified President Lukashenka’s luxury airliner as blocked property. Concurrently the Department of State imposed visa restrictions on 14 individuals, including regime officials. These designations were taken pursuant to Belarusian sanctions authorities in the spirit of Belarusian Freedom Day; however, Treasury’s press release highlights that these actions underscore the U.S. government’s willingness to hold the regime in Belarus to account for its complicity in Russia’s war in Ukraine.
- 23 Mar 2023 (Russia - Countermeasures):
The Russian Central Bank extends the previously established restrictions for non-Russian residents of “unfriendly” states to transfer money outside of Russia from their broker and trust management accounts opened in Russia.
- 20 Mar 2023 (Australia):
Content provided in collaboration with Moulis Legal.
Australia has designated 13 Iranian individuals and one Iranian entity involved in the supply of drones to Russia for the war with Ukraine.
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