July - 2017

The Department of Treasury announces sanctions on Venezuelan Officials

The Department of Treasury's OFAC announced sanctions on 13 Venezuelan individuals on Wednesday. These individuals are allies of Venezuela's president, Nicolas Maduro. The intention of this sanction is to give a stern warning to the Venezuelan government just before the widely-protested "constituent assembly" scheduled for Sunday. For complete list of individuals, follow the link here.

Exxon Mobil Oil Corp. pays monetary penalty

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has fined $ 2 million to ExxonMobil Corp. and it's subsidiaries ExxonMobil Development Co., and ExxonMobil Oil Corp. in Irving, Texas. This sanction was a backfire of the eight documents signed by U.S.-based Exxon executives that imposed sanctions on Moscow for annexing Ukraine's Crimea region. For more information on this action, please visit the enforcement information.

US expanding sanctions against Iran

Yesterday, the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) designated 7 individuals and 11 entities for Iran-related sanctions. These 18 individuals and entities were involved in nuclear activity such as missile development, weapons procurement, and software theft. These actions were taken pursuant to Executive Order (E.O.) 13382 and 13581, which target weapons of mass destruction and transnational criminal organizations. For identifying informati

UK and EU imposed sanctions against Syrian individuals

On Monday, the European Council imposed sanction against 16 individuals from Syria for the suspicion of chemical attack that killed 80 people. These individuals, added to the consolidated lists of the EU and UK, are now subjected to asset freeze. To identify the persons, see (EU) 2017/1327 To get a short overview from HM Treasury see this notice.

EU takes restrictive measures to handle migration from Libya

With the decision made by foreign ministers of 28 EU states, the restrictive measures have been taken to handle migration across Mediterranean sea from Libya. The measure includes restrictions against export and supply of inflatable boats (dinghies) and outboard motors to Libya. This measures will not apply to the civilians who holds the legitimate business in water. According to International Organization for Migration (IOM), a large number of migrants have died crossing the

Secretary of State and OGEL permits exports for military goods

This open general export licence (OGEL) permits the export or transfer of printed circuit boards (PCBs) and items for military goods. This licence is subjected to reporting requirements under the transparency initiative. This Secretary of State will grant this license starting on 10 July, 2017. The discrete points are described in the official publication, here. Img Source: https://www.gov.uk/government/organisations/department-for-international-trade

BIS is amending the Export Administration Regulations (EAR).

Today, the Bureau of Industry and Security (BIS) is amending the Export Administration Regulations (EAR) to reflect changes to the Missile Technology Control Regime (MTCR). This rule also changes the Commerce Control List (CCL) and other EAR provisions in order to conform with the MTCR Annex. The changes in this final rule align the MT controls on the CCL, and other parts of the EAR, with the MTCR Annex. This rule is effective from July 7, 2017. As always, the data reflectin

Russia extends special economic measures

Again, Russia has extended the Presidential Executive Order No. 560 that is On Special Economic Measures of August 6, 2014. The sanctions prohibits the agricultural produce, raw materials, and foodstuffs from the sanctioned countries to Russia.This Regulation shall apply until 31 December 2018. To read the extension document click here. To see the presidential order and their amendments click here.

EU extends sanctions against Russia

The European Union has extended its Decision 2014/512/GASP (sanctions against Russia) until 31 January, 2018. See the renewal here. See the legal base of sanctions.