On March 13, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) expanded the scope of three existing general licenses (“GLs”) and issued two amended Frequently Asked Questions (“FAQs”) related to certain imports and activities involving electricity and petrochemicals in Venezuela. On March 18, 2026, OFAC also issued a new GL authorizing transactions with Venezuelan state-owned Petróleos de Venezuela, S.A. (“PdVSA”), subject to certain conditions, and issued two new FAQs related thereto.…
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…
France has taken its first formal step toward implementing Directive (EU) 2024/1226, which requires all EU Member States…