On June 12, 2024, the U.S. Department of Treasury (Treasury), U.S. Department of State (State), and U.S. Department of Commerce (Commerce) announced another round of sanctions and export controls targeting Russia. In this...more
6/25/2024
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On February 1, 2024, President Biden issued an Executive Order imposing certain sanctions on persons determined to be undermining peace, security, and stability in the West Bank.
In response to current hostilities and...more
On October 18, 2023, the United States announced the suspension of certain sanctions related to Venezuela through the issuance of new and revised general licenses.
The Office of Foreign Assets Control (OFAC) of the U.S....more
G7 governments continue to seek ways to increase the effectiveness of their sanctions on Russia by clamping down on sanctions circumvention....more
On April 4, 2023 the United States imposed sanctions on two Lebanese businessmen, brothers Raymond Zina Rahme and Teddy Zina Rahme (the Rahme Brothers), and three of their owned companies, ZR Energy DMCC, ZR Group SAL...more
In January 2023, the United States imposed sanctions on key figures in the Paraguayan economy. The impact of these sanctions are significant and will directly or indirectly impact most Paraguayan financial institutions and...more
On February 24, 2023, the one-year anniversary of Russia’s invasion of Ukraine, the United States, in coordination with its G7 partners and other allies, announced a series of additional sanctions and export controls...more
Since Russia’s invasion of Ukraine in February 2022, the United States has, in response, imposed unprecedented sanctions and export controls targeting Russia: President Biden has signed numerous new Executive Orders, the U.S....more
12/5/2022
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ECCNs ,
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Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List
On February 21, 2022, President Biden issued an Executive Order (Feb 21 EO) in response to Russia’s recognition of the “Donetsk People’s Republic” (DNR) and “Luhansk People’s Republic” (LNR) as independent states, finding...more
On February 22, 2022, the U.S. imposed additional sanctions targeting the Russian Federation in response to Russia’s recognition of the “Donetsk People’s Republic” (DNR) and “Luhansk People’s Republic” (LNR) as independent...more
Over the week of December 6, the Biden Administration targeted more than 75 individuals and entities with sanctions pursuant to the Global Magnitsky Human Rights Accountability Act (Global Magnitsky Act)....more
In response to the rapid growth of virtual currencies, the Treasury Department’s Office of Foreign Assets Control (“OFAC”) recently published Sanctions Compliance Guidance for the Virtual Currency Industry (“Guidance”)....more
The Biden administration has issued new sanctions on Russian individuals and entities as well as prohibitions on US financial institutions' transactions with Russia's Central Bank, National Wealth Fund, and Ministry of...more
On January 9, 2021, the PRC Ministry of Commerce (“MOFCOM”) issued the Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures (the “Rules”). -
The Rules, along with the...more
Two recent settlements in the United States have highlighted the risks for parties involved in aviation and shipping of incurring liabilities for a breach of sanctions. ...more