The European Union has imposed sanctions on three Russian individuals, including Deputy Energy Minister Andrey Cherezov, and three Russian companies, including two of Siemens’ contracting companies, in response to the delivery of Siemens’ gas turbines to Crimea in violation of EU sanctions. On 4 August 2017 the Council of the European Union published Implementing Regulation (EU) 2017/1417, to amend Annex 1 to Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or…
The European Council has unanimously agreed to extend economic sanctions targeting the Russian economy by 6 months, until 31 January 2018. The extension is a result of the failure to fully implement the Minsk Agreements. The sanctions, originally introduced in July 2014 in response to Russia’s actions in Ukraine, focus on the financial, energy and defence sectors, as well as dual-use goods. The Decision was published in the Official Journal on Thursday, 29 June 2017.
On June 20, 2017, the US Office of Foreign Assets Control (“OFAC”) announced that it had added 38 individuals and entities to the Specially Designated Nationals and Blocked Persons List (“SDN List”) and 20 entities to the Sectoral Sanctions Identification List (“SSI List”) under US sanctions targeting Russia and Crimea. On June 21, 2017, the US Bureau of Industry and Security (“BIS”) also announced that it would add some of these SDN entities to the Entity List.
The Council of the European Union has announced today, on 13 March 2017, that the EU is formally extending their economic sanctions over actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine until 15 September 2017. According to the Council’s press release, the assessment of the situation does not justify a change in the sanctions regime. The Council removed two deceased persons from the list of persons and entities subject to these…