Since we published our blog post on the relaxation of the Syria sanctions over the weekend, there have been two more related developments this week: (1) US guidance on the Syria sanctions relaxed on Friday, May 23, and (2) the EU’s move to formally lift nearly all of its remaining sanctions on Syria. United States: Guidance on Syria Sanctions Relaxation On Wednesday, May 28, the Office of Foreign Assets Control (“OFAC”) in the US Treasury…
We recently held a webinar on Navigating the Transposition of the New EU Sanctions Directive: Current Status and Future Implications.The session covered how the new EU Sanctions Directive is being implemented across member states, outlining key legal changes and enforcement trends. The session also provided practical guidance on how companies can prepare for increased enforcement risk and adapt their compliance programs accordingly.You may view the webinar recording on demand here. You may also view upcoming webinars in…
On 7 April 2025, the Dutch government announced changes to certain general licenses for transfers of dual-use and military items, as follows: These changes will be effective from 8 April 2025. Therefore, operators can no longer rely on these general licenses for transfers that are no longer covered by the respective general licenses because of the above changes. Instead, operators will need to confirm whether another general license is available (requiring a one-off prior registration…
Earlier this year, the EU introduced various new restrictions as part of its sanctions packages targeting Russia (see our blog post on the 14th EU Russia sanctions package) and Belarus (see our blog post of the most recent EU Belarus sanctions package). Among the notable and novel restrictions were: Businesses should therefore review their current practices and consider whether any enhancements are necessary to comply with these measures. Guidance on “best efforts” obligations The “best…