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An Addition to the European Commission’s Toolbox

European Union - January 13 2023 On November 28, 2022, the Council of the European Union adopted the Foreign Subsidies Regulation (FSR or the “Regulation”), a new legislative tool…

Maria Francisca Couto, Tom McQuail

Coalition Powers Impose Russian Oil Price Cap and Outline Implementation

European Union, Global, United Kingdom, USA - December 6 2022 As Russia’s war in Ukraine stretches into its tenth month, governments around the world continue to coordinate and respond with increasingly severe…

Brandon L. Van Grack, Hayley Ichilcik, Gareth Rees KC, John E. Smith

Senate Republicans Introduce Legislation to Impose Sanctions on Nord Stream 2 Following the Biden Administration’s Waiver

USA - May 24 2021 The legal and political skirmishing continued on both sides of the Atlantic in recent weeks over Nord Stream 2, the nearly finished Russian natural…

Panagiotis C. Bayz, Brandon L. Van Grack, John E. Smith

No More Cuban Cigars or Rum: Trump Administration Tightens Cuban Sanctions, Again

Cuba, USA - September 28 2020 On Wednesday, September 23, 2020, the Trump Administration, via the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), announced…

Saqib Alam, Panagiotis C. Bayz, Raymond Rif, John E. Smith

OFAC Penalizes Communications Systems Exporter for Sudan Sales and Related Services

Canada, USA - September 25 2020 On September 17, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) reached a $894,111 settlement with Comtech…

Saqib Alam, Panagiotis C. Bayz, John E. Smith