On November 21, 2024, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) designated dozens of Russian banks, including Gazprombank and other Russian banks, securities registrars, and finance officials, to the List of Specially Designated Nationals and Blocked Persons (“SDN List”). The full SDN designation of Gazprombank, the largest remaining Russian bank, is particularly notable given its role in supporting gas flows between Russia and remaining European and other customers. On the…
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- EU Russia and Belarus sanctions: New guidance on “best efforts” obligations and reminder on introduction of enhanced due diligence obligations
- US and UK Reflect on Two Years of Enhanced Partnership for Sanctions
- Summary of October 30 OFAC, State, and BIS Measures Against Russia
- UK government introduces important changes to UK sanctions framework
- Takeaways from Baker McKenzie’s Fireside Chat with Kyle Sullivan, VP at US-China Business Council
- Final US Outbound Investment Security Rules Issued by US Treasury Department
- UK government adopts new financial sanctions package targeting Russia
Earlier this year, the EU introduced various new restrictions as part of its sanctions packages targeting Russia (see…
In October 2024, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) and the…
On October 30, 2024, the US Government imposed sanctions on hundreds of entities and individuals across the globe,…
On 14 November 2024, the UK government introduced a number of changes to its sanctions regulations through the…
On November 12, 2024, as part of our 2024 Global Year-End Review of Import/Export & Trade Compliance Developments…
On October 28, 2024, the US Treasury Department (“Treasury”) issued a long-anticipated final rule (“Final Rule”)—effective January 2,…