The Japanese government announced on February 2, 2024, that major countries agreed on obtaining a declaration form (cf. Note) at each voyage and requesting to obtain or to be provided details of affiliated cost related with the crude oil or petroleum products of the Russian Federation origin at the authority’s request, in order to reinforce the ceiling system for the crude oil or petroleum products of the Russian Federation origin. Based on this agreement, Japanese…
As part of the EU’s 12th package of sanctions against Russia, adopted on 19 December 2023 (see our previous blog post here), the EU introduced a requirement under Article 12g of Regulation 833/2014 which requires EU exporters to include wording in certain goods contracts prohibiting the re-export of the goods to Russia and providing for “adequate remedies” in the event of a breach, in order to combat the circumvention of EU export bans and more…
On February 20, 2024, Canada enacted new sanctions regulations under the Special Economic Measures Act in response to gross and systematic human rights violations and corruption in Guatemala. The Special Economic Measures (Guatemala) Regulations (the “Regulations”) designate four individuals and entered into force on February 16, 2024. The individuals listed in the Schedule to the Regulations are public officials that are alleged to have committed gross human rights violations, engaged in activities that directly or…
On February 1, 2024, President Biden issued Executive Order 14115 (“EO 14115”) targeting persons involved in activities that threaten the peace, security, and stability in the West Bank. Meanwhile, the UK government announced on 12 February 2024 sanctions on “extremist Israeli settlers” who have committed human rights abuses against Palestinian communities. Pursuant to EO 14115, four individuals were added to the Specially Designated Nationals and Blocked Persons List (“SDN List”). Concurrently, the US Treasury Department’s…