Sanctions

The European Commission has started the process by which it would add US sanctions measures on Iran to the so-called Blocking Regulation.

The Russian government is preparing to introduce new counter-measures in response to US and EU sanctions. and filed a draft bill envisaging criminal liability for complying with Western sanctions.

On May 8, 2018, President Trump announced that the United States will be withdrawing from the Joint Comprehensive Plan of Action (“JCPOA”), culminating months of uncertainty around the fate of the Iran nuclear deal. Furthermore, President Trump announced that the United States would re-impose nuclear sanctions against Iran.

On 27 April 2018, the EU published legislation imposing further restrictive measures on Myanmar/Burma, strengthening the EU’s arms embargo and targeting the Myanmar/Burma army and border guard police officials.

The U.S. Government is considering adding digital currency addresses affiliated with individuals and entities identified to the List of Specially Designated Nationals and Blocked Persons

In the aftermath of the new sanctions imposed to North Korea, potential risks have been identified in the global shipping industry.

Following its intercontinental ballistic missile test in November, the UN Security Council unanimously voted to imposed new sanctions on North Korea.

The Order implements the Global Magnitsky Human Rights Accountability Act and targets human rights abusers and corrupt actors globally.

Following the political and economic boycott of Qatar, the post presents the latest developments regarding the Qatar diplomatic crisis.

European Union Leaders reached an agreement on the extension of the economic sanctions against Russia until July 2018.