On Monday 5th June, the EU published an amendment to the existing sanctions against Russia, which came into force on Monday 5th June. The implementing regulation is available here. These measures permit the designation of leading business persons operating in Russia, along with: These amendments were made on the basis that leading Russian business persons have engaged in a systematic practice of distributing their funds and assets amongst their immediate family members and others in…
On April 27, 2023, the US Department of State (âStateâ) designated Russiaâs Federal Security Service (âFSBâ) and Iranâs Islamic Revolutionary Guard Corps Intelligence Organization (âIRGC-IOâ) pursuant to Executive Order (âEOâ) 14078 (Bolstering Efforts To Bring Hostages and Wrongfully Detained United States Nationals Home), with the result that the IRGC-IO has been added to the Specially Designated Nationals and Blocked Persons List (âSDN Listâ). The IRGC as a whole and FSB were previously designated on the…
On May 2, 2023, for the second time this year, the US and Turkish governments took joint action in imposing sanctions. Specifically, the United States and TĂŒrkiye imposed sanctions against two individuals determined to be financial facilitators of Syria-based terrorist groups Hayâat Tahrir al-Sham (“HTS”) and Katibat al-Tawhid wal-Jihad (“KTJ”), both of which are sanctioned by the United States and the United Nations. This follows a prior joint action in January targeting parties associated with…
On January 26, 2023, the US Department of the Treasuryâs Office of Foreign Assets Control (âOFACâ) redesignated PMC Wagner (âWagner Groupâ) a Significant Transnational Criminal Organization (âSTCOâ) pursuant to Executive Order 13581 (âEO 13581â) as amended by Executive Order 13863 (âEO 13863â) for the Wagner Groupâs activities in Ukraine, the Central African Republican (âCARâ), and Mali. Concurrently, OFAC has sanctioned the Wagner Group under Executive Order 13667 (âEO 13667â) for its activities in the CAR.…