Baker McKenzie’s Sanctions Blog published the alert titled Ukraine imposes new set of sanctions against Russia on 1 November 2022. Read the article via the link here . Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Switzerland Subjects Iranian Designated Parties to its Russia Sanctions on 4 November 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled OFAC, BIS, and Department of State Issue Alert on the Impact of Sanctions and Export Controls Targeting Russia on 17 October 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 6 October 2022, the Assistant Secretary for Export Enforcement issued a policy aimed at enhancing enforcement of the antiboycott rules administered by the US Department of Commerce. The following day a final rule came into effect updating Department of Commerce’s guidance on charging and penalty determinations related to violations of the antiboycott provisions of the Export Administration Regulations. The changes are intended to bring penalty determinations in line with the Department of Commerce’s current view of the severity of certain types of antiboycott violations.
Baker McKenzie’s Sanctions Blog published the alert titled Switzerland Adds to the Lists of Designated Parties and Territories under its Russia Sanctions on 18 October 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 17 October 2022, OFSI and OFAC issued a joint statement to reiterate the close working relationship between the two agencies, explaining the rationale behind increased OFSI-OFAC co-operation and how this will manifest in practice. The statement follows a technical exchange attended by OFAC and OFSI in London, which concluded on 13 October 2022.
Baker McKenzie’s Sanctions Blog published the alert titled Canada Announces Additional Sanctions against Russia: 34 Individuals and 1 Entity Designated on 19 October 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 19 October 2022, Canada announced its third round of sanctions measures against the Iranian regime in response to its “ongoing gross and systematic human rights violations and continued actions to destabilize regional peace and security.” These measures add an additional six individuals and four entities to Schedule 1 of the Special Economic Measures (Iran) Regulations.
Baker McKenzie’s Sanctions Blog published the alert titled Japan introduces further sanctions against Russia and Belarus on 14 October 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On October 13, 2022, Canada announced further sanctions measures with respect to Iran, designating an additional seventeen individuals and three entities under Schedule 1 of the Special Economic Measures (Iran) Regulations.