On March 20, 2026, the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued Iran-related General License U (“GL U”), “Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Iranian-Origin Loaded on Vessels as of March 20, 2026.” One day earlier, on March 19, 2026, OFAC issued Russia-related General License 134A (“GL 134A”), “Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on…
On March 13, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) expanded the scope…
On 13 March 2026, the European Commission published a new set of Frequently Asked Questions (“FAQs”, accessible here)…
On 10 March 2026, the UK Government published a policy paper outlining the UK’s approach to enforcing sanctions…
Following the Trump Administration’s removal of tariffs on products of India for “buying Russian oil” in February, the…
On March 6, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) continued its…
Baker McKenzie’s Trade, Sanctions, and Customs Practice is pleased to invite you to join us at our upcoming…