Following on from a meeting of the EU Foreign Affairs Council (“FAC”) yesterday, at which the FAC unanimously agreed to impose restrictive measures on Venezuela, the EU has today published Council Decision 2017/2074 and Council Regulation (EU) 2017/2063 (together, the “Legislation”). The Legislation prescribes targeted sanctions against Venezuela, including an arms embargo, with immediate effect. The Legislation has been formulated in response to the continuing crisis in Venezuela and the perceived deterioration of democracy, the…
On October 1, 2017, an order from the Japanese Cabinet went into effect to implement amendments to Japan’s Foreign Exchange and Foreign Trade Act (“Act”), which implements Japanese import and export controls. The Cabinet order was decided on July 11, 2017 and it also made relevant adjustments in the relevant regulations. The cabinet order, the ministerial ordinance and the ministry’s notice, which are necessary to implement the amended Act, were promulgated on July 14, 2017. These regulations provide definition of terms in the amended Act as well as clerical and procedural measures for the implementation of the amended Act.
On September 21, 2017 the Ministry of Economy published in the Federal Official Gazette an Administrative Regulation that modifies the one that prohibits the exportation or importation of diverse goods to the indicated countries, entities and persons.
On 20 June 2016, the European Council (the “Council”) published conclusions on EU strategy with Myanmar/Burma which reaffirm the EU’s strong commitment to support the reform efforts of Myanmar’s government (the “Conclusions”). These follow the adoption of a Joint Communication to the European Parliament and Council on 1 June 2016, and the EU’s most recent renewal of its remaining sanctions against Myanmar/Burma on 21 April 2016. Council Conclusions on EU strategy with Myanmar/Burma In the…