On September 22, 2023, during Ukrainian President Volodymyr Zelensky’s visit to Canada, Canada announced amendments to the Special Economic Measures (Russia) Regulations (the “Regulations”) sanctioning additional Russian individuals and entities. The amendments list an additional 42 individuals and 21 entities under Schedule 1 of the Regulations and took effect on September 20, 2023. At the press conference announcing the sanctions, Canadian Prime Minister Justin Trudeau stated that the aforementioned persons are sanctioned in response to…
The UK, France and Germany (the European signatories to the Joint Collective Plan of Action (“JCPOA”) nuclear deal with Iran in 2015, referred to as the “E3”) have decided to retain certain sanctions previously imposed upon Iran. The press release published by the E3 announcing this decision is available here. The JCPOA was agreed in 2015 between the E3/EU+3 (China, France, Germany, the Russian Federation, the United Kingdom and the United States, with the EU’s…
On September 21, 2023, Canada announced amendments to the Special Economic Measures (Haiti) Regulations (the “Regulations”) in response to “acts of significant corruption”. These amendments list an additional three individuals under the Schedule of the Regulations and took effect on September 20, 2023. This follows Canada’s appointment of a new ambassador of Canada to Haiti, André François Giroux, on September 18, 2023. There are now twenty-eight individuals listed under the Schedule of the Regulations. All of the…
In two separate rounds of sanctions designations in the past week, the United States added more parties to the Specially Designated Nationals List (“SDN List”) maintained by the Office of Foreign Assets Control (“OFAC”) in the US Treasury Department. These designations are noteworthy given their scope and, in the case of the Iran-related designations, the fact that they included parties in China, Russia, and Türkiye. Not only does this increase the risk of encountering sanctioned…