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OFAC issues guidance on implementation of G7 price cap on Russian crude oil and petroleum products

On 9 September 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published “Preliminary Guidance on Implementation of a Maritime Services...

Insights

(Re)insurance sanctions against Russia: A year in brief review
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Over the course of this year, there has been a huge amount of legislative activity in relation to sanctions against Russia, not just from U.S., EU and UK perspectives, but also other...

News

U.S. prohibits imports of Russian gold and imposes new sanctions in latest measures against Russia

The U.S. Government has imposed additional punitive measures against Russia in response to Russia’s actions in Ukraine. The new measures include a prohibition on imports of...

News

BIS continues to expand export controls on Russia and Belarus and adds 71 entities to the Entity List

On 2 June 2022, the U.S. Commerce Department’s Bureau of Industry and Security (“BIS”) issued two final rules, effective on the same day, that revised the Export...

News

U.S. expands controls on exports of industrial and commercial goods to Russia

The U.S. Bureau of Industry and Security (“BIS”) has expanded export controls relating to Russia. The final rule imposes license requirements for exports, reexports and...

News

U.S. restricts exports of luxury goods to Russia and Belarus

The United States Department of Commerce Bureau of Industry and Security (BIS) announced a rule restricting the export of luxury goods to all end-users in the Russian Federation, Belarus,...

News

Summary of February 24 U.S. sanctions and export controls on Russia

On February 24, 2022, the US Government imposed severe economic sanctions and export controls on Russia. The restrictions consist of two parts: 1) significant financial sanctions on a ...

News

Treasury Department issues inter-agency business advisory on Burma

On January 26, 2022, the U.S. Department of the Treasury issued an advisory for businesses and individuals doing business in Burma. Specifically, the business advisory cautions business and ...

News

Treasury Department issues inter-agency business advisory on Burma

On January 26, 2022, the U.S. Department of the Treasury issued an advisory for businesses and individuals doing business in Burma. Specifically, the business advisory cautions business and ...

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