Category: Sanctions News

S&P Global Inc violated Russian sanctions (E.O. 13662) by receiving payment from sanctioned Russian Rosneft. S&P didn’t voluntarily disclose the violation and received $82,500. They settled with OFAC for $78,750. Here’s the press release.

Germany shuts down servers for Russian darknet marketplace Hydra and seizes $25.2 million USD in Bitcoin. (WAPO) The illegal marketplace was a Russian-language Darknet platform that had been accessible via the Tor network since at least 2015. Their focus was on trading in illegal narcotics. In addition, data spied out worldwide, forged documents and digital services were offered profitably via…

  On 29 March 2022, Australia’s Minister for Foreign Affairs (the Minister) designated 39 individuals, including a number of Russian individuals engaged in serious corruption and human rights abuses, using the new powers set out in the Magnitsky sanctions amendments. Targeted financial sanctions and travel bans will apply to these persons from 30 March 2022.  This is the first time…

 – Summary –  Sanctioned by FCC March 25, 2022: AO Kaspersky Lab, China Telecom (Americas) Corp [0728.HK], China Mobile International USA [0941.HK] Previously Sanctioned by FCC: Huawei Technologies Co [HWT.UL], ZTE Corp [000063.SZ], China Telecom Americas (U.S. auth revoked in October 2021), Pacific Networks (U.S. auth revoked Mar 17, 2022), ComNet (U.S. auth revoked Mar 17, 2022), China Unicom [0762.HK]…

According to Russian state media, RT, Russian President Vladimir Putin said that Western sanctions against his country have dealt a large blow to public trust in th4e U.S. Dollar and the Euro. Putin argued that the penalties showed it “makes no sense anymore” to sell Russian goods in the US and the EU while receiving payment in dollars or euros….

79 entries have been amended on the consolidated list and remain subject to an asset freeze. On 18 March 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. The following provides details of those designated under regulations made under the Sanctions Act. Amendments have been made to entries under the following financial sanctions regimes: Belarus; Chemical Weapons; Cyber, Russia and Zimbabwe. The relevant notices…

See the License here.

Feb 26, 2022. (3:31 a.m. CET) SWIFT Preparing to Comply With Russian Measures  “We are engaging with European authorities to understand the details of the entities that will be subject to the new measures,” the organization said in an email. “We are preparing to comply upon legal instruction.” Feb 26, 2022. (2:12 a.m. CET) Elon Musk Activates Starlink Satellites for…

A number of states and international actors have unveiled further sanctions measures on Russia in relation to its activities in or in relation to Ukraine. In a previous post, we outlined the initial measures imposed by the US and UK on Russia in relation to its recognition of Donetsk and Luhansk. We consider below the further actions taken by the…

On 10 June 2021, the National People’s Congress Standing Committee of the People’s Republic of China passed the Law of the PRC on Countering Foreign Sanctions (the “Anti-Sanctions Law”). The Anti-Sanctions Law establishes a legal regime for the protection of Chinese individuals and entities from what are deemed to be discriminatory foreign sanctions and for implementing countermeasures against such sanctions. Although…

On 16 March 2021 the UK published its Integrated Review of Security, Defence, Development and Foreign Policy titled “Global Britain in a competitive age”, which sets out the UK government’s overarching national security and international policy objectives through to 2025. The Review contains a number of references to the UK’s post Brexit sanctions regime and places the UK’s autonomous sanctions…