On December 5, 2023 and December 6, 2023, respectively, the US and UK Governments announced new sanctions and export control measures targeting Russia focused on persons and entities in third countries supporting Russia’s military and defense industrial base and its war in Ukraine. US Sanctions and Export Control Updates The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced sanctions targeting a network led by Belgium-based individual, Hans De Geetere, as well…
On November 2, 2023, the United States government issued new Russia-related sanctions targeting more than 200 individuals and entities. OFAC also issued three new Russia-related General Licenses and reissued another one, and the US Department of Commerce Bureau of Industry and Security (“BIS”) added 13 entities to the Entity List. SDN Designations The US Department of the Treasury Office of Foreign Assets Control (“OFAC”) and the US Department of State added a range of targeted…
El 18 de octubre de 2023, la Oficina de Control de Activos Extranjeros (“OFAC”) del Departamento del Tesoro de EE.UU. aplicó un levantamiento limitado de las sanciones bajo el Reglamento de Sanciones contra Venezuela (el “VSR”) al Gobierno de Venezuela (el “GOV”) y ciertos sectores de la economía venezolana en respuesta a la firma de un acuerdo de hoja de ruta electoral entre representantes del GOV y los partidos políticos de la oposición venezolana. La…
On October 18, 2023, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) implemented limited sanctions relief under the Venezuela Sanctions Regulations (the “VSR”) to the Government of Venezuela (the “GOV”) and certain sectors of the Venezuelan economy in response to the signing of an electoral roadmap agreement between GOV representatives and Venezuelan political opposition parties. OFAC and the State Department have made clear that additional sanctions relief and the continuance of…