On July 26, 2019, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) amended General License (“GL”) 8A and reissued it as GL 8B to extend it until October 25, 2019. GL 8B now has the same expiration date as GL 13B, which was also recently extended.
On July 26, 2019, the President issued an Executive Order targeting Mali entitled “Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Mali” (“Mali EO”) available here. A White House press release on the Mali EO is available here. The Mali EO provides authorization to the US Treasury Department, in consultation with the Department of State, to sanction individuals who are responsible for or complicit in actions that exacerbate the deteriorating situation in Mali. The US Treasury Department’s Office of Foreign Assets Control (“OFAC”) has thus far not issued a press release related to the Mali EO or added any individuals or entities to the Specially Designated Nationals and Blocked Persons List (“SDN List”).Read more…
Upon the request of France, Germany, the United Kingdom and Iran, the Joint Commission of the Joint Comprehensive Plan of Action (JCPOA) held an extraordinary meeting on 28 July 2019. The talks were held in the context of rising tensions in the Persian Gulf, following the seizure of tankers by Britain and Iran and Iran’s admitted breach of the terms of the JCPOA restricting its production of enriched uranium. The parties reaffirmed their commitment to preserving the JCPOA, however nothing substantive was agreed. Iran’s Deputy Foreign Minister, Abbas Arahchi, stated: “The atmosphere was constructive. Discussions were good. I cannot say that we resolved everything, I can say there are lots of commitments”.
The Joint Commission’s statement can be accessed here.
The Russian State Duma is considering amendments to Federal Law “On Measures (Countermeasures) in Response to Unfriendly Actions of the USA and (or) other Foreign States” (“Law on Countersanctions“) dated June 4, 2018.
On July 24, 2019, Draft Bill proposing additional Russian countersanctions (“Draft“) was approved by the Russian State Duma in the first reading. The amendments to the Draft will be presented till August 22, 2019. The second reading of the Draft has not been scheduled yet.