News

New guidelines published for foreign financial institutions relating to US sanctions against Russia

On June 12, 2024 the Office of Foreign Assets Controls (OFAC) of the US Treasury Department published the Updated Guidance for Foreign Financial Institutions on OFAC Sanctions Authorities Targeting Support to Russia’s Military-Industrial ...

New US sanctions against Russia

On June 12, 2024 the Office of Foreign Assets Controls (OFAC) of the US Treasury issued new sanctions and export controls in relation to the Russia-Ukraine conflict. The new sanctions mainly include: extending the applicability of so-called ...

EU directive criminalising sanctions violations: future obligations for economic operators

On April 29, 2024, Directive (EU) 2024/1226 of the European Parliament and of the Council on the definition of criminal offenses and penalties for the violation of Union restrictive measures and amending Directive (EU) 2018/1673 was published in ...

EU: European Council prolongs frameworks for restrictive measures

We report an update on recent EU decisions on expiring sanctions programs and third countries that have decided to align with EU sanctions programs. Ukraine On March 12, 2024, the European Council, through Council Decision (CFSP) 2024/847, decided ...

USA: latest updates on international sanctions

We report an update of recent U.S. policy and legislative actions against legal entities or subjects, countries (Venezuela, Yemen, Libya, Zimbabwe, Bosnia and Herzegovina, Nicaragua, Iran, Democratic People’s Republic of Korea, Russia) and ...

EU adopts 13th package of sanctions against Russia

Two years after the invasion of Ukraine by Russia, in order to further weaken Russian capabilities to lead its war of aggression, on 23 February 2024 EU adopts a 13th package of sanctions against Russia. The new sanctions are based on the ...

Latest updates to EU sanctions

Below are some updates related to the restrictive measures instituted by the European Union in January 2024 in reference to the acts of violence perpetrated by Hamas and Palestinian Islamic Jihad, as well as in connection with the geopolitical ...

EU: new restrictive measures in support of democracy in Guatemala and Haiti

On 12 January 2024 the European Union established a specific framework of restrictive measures in support of democracy and a peaceful and orderly transfer of power in Guatemala and added new entities to the list of persons subject to ...

Russia: new restrictive measures imposed by USA and EU

Here are the latest updates on the sanctions imposed by the United States and the European Union against Russia. United States On December 22, 2023, US President Biden issued the Executive Order 14114 (“Taking Additional Steps With Respect ...

di 9