On 24 February 2025, the third anniversary of Russia’s further invasion of Ukraine, the UK Government announced 107 new designations targeting individuals, businesses (including several state-owned entities), government officials and vessels in what it labelled its most extensive set of sanctions against Russia since the start of the invasion. According to the UK Foreign, Commonwealth, and Development Office (“FCDO”) press release, this package is aimed at weakening Russia’s military supply chains, revenues fuelling the war…
The EU Parliamentary Research Service has published an updated briefing on the EU’s sanctions against Russia. The previous briefing had been published in September 2023. The key elements of this update are:
On February 4, 2025, the White House issued a National Security Presidential Memorandum (“NSP Memo”) outlining President Trump’s intention to impose maximum economic and political pressure on the government of the Islamic Republic of Iran (“Iran”), including by enhancing enforcement efforts and modifying or rescinding any existing general license or guidance that provides Iran with “any degree of economic or financial relief.” In addition, on February 6, 2025, the US Treasury Department’s Office of Foreign…
On February 6, 2025, the US State Department reversed the Biden Administration’s revocation of President Trump’s National Security Presidential Memorandum 5 of June 16, 2017 and recreated the Cuba Restricted List (“CRL” or “List”), which identifies entities and subentities that are controlled by, or acting on behalf of, the Cuban military, intelligence, or security services or personnel. The US State Department also added a Cuban remittance provider to the CRL, effective March 10, 2025. For…