News

US sanctions: settlement agreement between OFAC and Godfrey Phillips India

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $332,500 settlement with Godfrey Phillips India Limited (GPI). GPI, a tobacco manufacturer registered in Mumbai, India, has agreed to settle its ...

EU imposes further restrictive measures against Iran

The Council of the EU decided to impose restrictive measures on additional 32 individuals and two entities responsible for serious human rights violations in Iran. Among the persons listed are the Iranian Minister of Culture and Islamic ...

European Union and the United States adopt new sanctions against Iran

European Union and United States adopted a new round of sanctions against Iran for violating human rights, in response to the Iranian regime’s widespread and disproportionate use of force against non-violent protesters following the death of ...

EU adopted 9th package of sanctions against Russia

The European Council adopted the ninth package of new sanctions against Russia, In response to Russia’s war of aggression against Ukraine. The agreed package includes a series of measures intended to hit hard Russian economy and abilities to ...

UK’s planned UKCA mark delayed again

Businesses will be given an additional 2 years to apply new product safety marking, giving thousands of businesses the freedom to focus on growth, Business Secretary Grant Shapps has announced. The UK Conformity Assessed (UKCA) marking has been ...

US imposes new restrictions on exports chips and semiconductor manufacturing items to China

The Department of Commerce’s Bureau of Industry and Security (BIS) implemented a series of targeted updates to its export controls as part of BIS’s ongoing efforts to protect U.S. national security and foreign policy interests. These updates ...

EU adopts the eighth package of sanctions against Russia

In light of Russia’s escalating war of aggression against Ukraine and the illegal annexation of Ukraine’s Donetsk, Luhansk, Zaporizhzhia and Kherson regions, the Council decided to impose a new package of economic and individual sanctions ...

US targets facilitators of Iranian petrochemicals and petroleum sales

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned an international network of companies involved in the sale of hundreds of millions of dollars’ worth of Iranian petrochemicals and petroleum products to ...

US sanctions Iranian persons involved in production of drones and weapon shipment to Russia

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated an air transportation service provider for its involvement in the shipment of Iranian Unmanned Aerial Vehicles (UAVs) to Russia for its war against Ukraine. ...

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