Category: Sanctions News

The European Council has today (08 April 2022) adopted a fifth package of sanctions against Russia, with a view to putting pressure on Russia’s economy and limiting its capacity for aggression against Ukraine. Key sanctions include: – Prohibitions on: – The purchase, import or transfer of coal and other solid fossil fuels into the EU if they originate in Russia or are exported from Russia, effective as of August 2022. – Vessels registered under the flag of Russia accessing EU ports (subject…

On 15 March 2022, the Economic Crime (Transparency and Enforcement) Act 2022 (“the Act”) received royal assent. Having been on the political agenda since 2016, the Act was fast-tracked in response to Russia’s invasion of Ukraine. The Act contains three key parts: Part 1: Registration of Overseas Entities. In March 2022, we reported on the inclusion of the Register of Overseas Entities as part of the wide package of measures in the Act. Part 2: Unexplained Wealth Orders (amendments to…

Import prohibitions: On the 15 July 2022, the UK Parliament passed The Russia (Sanctions) (EU Exit) (Amendment) (No. 11) Regulations 2022 (legislation.gov.uk) which makes related consequential amendments to trade sanction measures in Part 5 (Trade) of the Russia (Sanctions) (EU Exit) Regulations 2019 (“2019 Regulations”). This amendment replaces the Russia (Sanctions) (EU Exit) (Amendment) (No.10) Regulations 2022. The amendment extends existing import sanctions and provides for a number of trade restrictions relating to: Technology with the potential use for internal…

WASHINGTON, Sept 14 (Reuters) – The Biden administration on Thursday imposed sanctions on five Turkish companies and a Turkish national, accusing them of helping Russia evade sanctions and supporting Moscow in its war against Ukraine. The designations, first reported by Reuters, target shipping and trade companies accused of helping repair sanctioned vessels tied to Russia’s defense ministry and helping the transfer of “dual-use goods.” It is part of a bigger package of measures hitting Russia with sanctions on more than 150…

Antony J. Blinken, Secretary of State
The Departments of State and the Treasury are imposing further sanctions on over 150 individuals and entities in connection with Russia’s unlawful invasion of Ukraine.  As part of today’s action, the U.S. government is targeting individuals and entities engaged in sanctions evasion and circumvention, those complicit in furthering Russia’s ability to wage its war against Ukraine, and those responsible for bolstering Russia’s future energy production.
The Department of State is imposing sanctions on over 70 entities and individuals involved in expanding Russia’s energy production and export capacity, operating in Russia’s metals and mining sectors, and aiding Russian individuals and entities in evading international sanctions. The Department of State is also designating one Russian Intelligence Services officer and one Georgian-Russian oligarch whom the FSB has leveraged to influence Georgian society and politics for the benefit of Russia.  Additionally, the Department is designating numerous entities producing and repairing Russian weapon systems, including the Kalibr cruise missile used by Russian forces against cities and civilian infrastructure in Ukraine, and an individual affiliated with the Wagner Group involved in the shipment of munitions from the Democratic People’s Republic of Korea to the Russian Federation.
Concurrently, the Department of the Treasury is imposing nearly one hundred sanctions on Russia’s elites and its industrial base, financial institutions, and technology suppliers, including one official of the Wagner Group for advancing Russia’s malign activities in the Central African Republic.  This action comes after the Wagner Group helped ensure the passage of a July 30 constitutional referendum that undercut the country’s democracy.
The United States and its allies and partners are united in supporting Ukraine in the face of Russia’s unprovoked, unjustified, and illegal war.  We will stand with Ukraine for as long as it takes.
All targets are being designated pursuant to Executive Order 14024, which authorizes sanctions with respect to specified harmful foreign activities of the Government of the Russian Federation.  For more information on today’s actions, please see the Department of State’s fact sheet and the Department of the Treasury’s press release.

The two founders behind Tornado Cash, a Russian cryptocurrency mixing service, have been charged by the U.S. Attorney’s Office for the Southern District of New York, according to a statement on Wednesday. Roman Storm and Roman Semenov were officially charged with conspiracy to commit money laundering, conspiracy to commit sanctions violations and conspiracy to operate an unlicensed money transmitting business, according to a newly unsealed indictment. Storm was arrested in Washington on Wednesday but Semenov still remains at large, the…

United Nations agencies scramble to replace depleting aid stocks as regional sanctions start to kick in. Niger’s military coup is disrupting humanitarian efforts by the United Nations as border and airspace closures threaten to cut off supplies of medicine and food, says a UN official. UN aid agencies are scrambling to replenish depleting stocks just as regional sanctions potentially increase the number of people in need, its humanitarian chief in Niger, Louise Aubin, warned on Tuesday. “The risk is that…

Intellexa (AKA Intellexa Anonymi Etaireia), an alliance of digital intelligence firms in Greece run by an ex-Israeli intel officer, and Cytrox AD (AKA Sytrox), which produces their Predator spyware, added to U.S. ‘entity list’ which already includes Israel’s NSO and Candiru. Late last year, Citizen Lab uncovered the hacking of an Egyptian dissident’s phone. The affected device was host to two forms of malware, one created by NSO Group and the other by Cytrox. According to the Citizen Lab investigation, these infections were…

BEIRUT (AP) — A French court Tuesday upheld the freezing of the assets of Lebanon’s embattled central bank governor, rejecting his appeal to have them released, an official close to the investigation said. Several European countries are investigating central bank Gov. Riad Salameh and his associates over myriad alleged financial crimes, including illicit enrichment and laundering of $330 million. A French investigative judge on May 16 issued an international arrest warrant, or Interpol red notice, for the 72-year-old Salameh after…

LONDON – Kyiv has placed British consumer goods giant Unilever on Ukraine’s “International Sponsors of War” list, claiming Monday it continues to profit from operations in Russia, triggering demonstrations in London. “The National Agency on Corruption Prevention has added British company Unilever onto its list of ‘International Sponsors of War’,” a statement said. This was owing to its “presence in the Russian Federation and its significant taxes to the Russian state budget, thereby supporting the aggressor’s economy and contributing to…

Russian businessman Roman Abramovich is refusing to sign off the release of £2.3 billion ($2.9 billion) made from his sale of Chelsea Football Club to Ukraine, as he apparently wants a “substantial” part of the sum transferred to Russians affected by the conflict, a UK newspaper has reported. The newspaper also cited an unnamed source close to the above-mentioned funds as saying the hope is that “money will start arriving in Ukraine before harsh winter conditions set in again towards…

WASHINGTON – The US expanded a ban on imports from China’s Xinjiang region, placing two more companies on its so-called entity list, the first additions since a law targeting forced labour in the area took effect a year ago. Printing and imaging company Ninestar Corp and eight of its subsidiaries, as well as Xinjiang Zhongtai Chemical, were added to the list “for working with the government of Xinjiang to recruit, transport, transfer, harbour or receive forced labour” involving Uighur and…

The value of frozen Russian private assets under sanctions increased from 18.9 billion euros in December to 24.1 billion euros in late May, the newspaper said. As many as 1,473 individuals and 205 firms from Russia have been sanctioned by the EU, German media added. After the start of Russia’s military operation in Ukraine on February 24, 2022, Western countries have imposed comprehensive sanctions against Russia, including the freezing of nearly half of the country’s foreign currency reserves – amounting to about $300 billion. The European Union alone has frozen assets of Russian entities and individuals worth dozens of billions of dollars under 10 packages of sanctions.

European Union officials are considering whether to send Ukraine profits generated from Russian assets frozen within the bloc, the Financial Times has reported, citing people familiar with the discussions. EU member states and European Commission officials convened on Wednesday to examine how they might move funds held at Euroclear, the world’s largest settlement house, over to Ukraine, as Russian-owned assets there have accrued interest since they were first frozen. Targeted under an unprecedented Western sanctions campaign, the Russian assets stuck at…

A Lebanese judge questioned the country’s embattled central bank governor Wednesday and confiscated his Lebanese and French passports following an arrest warrant from France over corruption charges, judicial officials said. Riad Salameh left immediately after questioning by Judge Imad Kabalan in Beirut, the officials said on condition of anonymity in line with regulations. The questioning lasted about 80 minutes, they said. France, Germany and Luxembourg are investigating Salameh and his associates over myriad alleged financial crimes, including illicit enrichment and…

The U.S. government announced new sanctions against North Korea related to its army of illicit IT workers that have fraudulently gained employment to finance the regime’s weapons of mass destruction programs. North Korea maintains thousands of “highly skilled” IT workers around the world, primarily in China and Russia, which “generate revenue that contributes to its unlawful weapons of mass destruction and ballistic missile programs”, according to an announcement from the U.S. Treasury Department on Tuesday. These individuals, which in some…