On January 16, 2016, the International Atomic Energy Agency certified that Iran had fulfilled its nuclear-related commitments under the Joint Comprehensive Plan of Action in order for the JCPOA’s “Implementation Day” to take effect. Accordingly, EU and US sanctions relief for Iran that was outlined in the JCPOA has simultaneously gone into effect.
Russia’s sanctions against Turkey will affect work and services provided by Russian legal entities...
On December 28, 2015 President Putin issued a new decree pursuant to which the provision of certain services and performance of certain work by Russian legal entities should be prohibited or restricted, if such legal entities are controlled by Turkish persons.
On Thursday, December 31, 2015, the US OFAC issued the Cyber-Related Sanctions Regulations, 31 C.F.R. Part 578 , which implement Executive Order 13694 of April 1, 2015 (“Blocking the Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities” or the “Cyber EO”).
This event will explore the sanctions regimes of development banks, in parallel with those of the U.S. Department of Justice and Securities and Exchange Commission. A panel of experts will share observations on the evolving sanctions landscape and will provide practical guidance to companies in order to avoid unwanted enforcement scrutiny.
On November 28, 2015 President Putin signed Decree No. 583 “On Measures to Ensure State Security and Protection of Russian Citizens from Criminal and Other Unlawful Actions and on Application of Special Economic Measures in relation to the Republic of Turkey”
Russia has started imposing trade restrictions on Turkey. It is highly likely that the Turkish-origin food products would be completely embargoed without validity term limitation of this measure, and there would be a complete ban on the provision of services by Turkish companies on the Russian market.
On November 12, 2015, President Barack Obama issued Executive Order 13710 ending sanctions related to the Republic of Liberia originally put in place in 2004. On November 23, 2015, President Obama issued an Executive Order imposing sanctions related to the Republic of Burundi primarily due to "the killing of and violence against civilians, unrest, the incitement of imminent violence, and significant political repression" occurring in Burundi
On September 21, 2015, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. Commerce Department’s Bureau of Industry and Security...
European Union, United States, and Switzerland Move Forward on Sanctions Relief for Iran Following...
On 18 October 2015, Iran and the EU/E3+3 (China, France, Germany, the Russian Federation, the United Kingdom, and United States) began preparations to implement their respective commitments under the Joint Comprehensive Plan of Action related to Iran’s nuclear programme.
On 21 October 2015 the Federal Council of Switzerland announced that it would also ease its sanctions measures on Implementation Day, in line with the UN and the EU.