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International Compliance blog Blog

Articles: 1-10 of 215

EU Extends the Scope of EU Blocking Statute to Protect Against Extra Territorial Application of US Re-Imposed Sanctions on Iran

European Union, USA - June 8 2018 On June 6, and in furtherance of its May 16 announcement, the European Commission adopted a delegated act to amend the annex to the EU Blocking…

EU Extends the Scope of EU Blocking Statute to Protect Against Extra Territorial Application of US Re-Imposed Sanctions on Iran

Iran, USA, Venezuela - June 8 2018 On June 6, and in furtherance of its May 16 announcement, the European Commission adopted a delegated act to amend the annex to the EU Blocking…

President Trump Issues Venezuela-Related Executive Order

USA, Venezuela - June 8 2018 On May 21, 2018, President Trump issued a new executive order prohibiting certain transactions benefitting the government of Venezuela. The order…

Russia Sanctions: General Licenses, Deadlines, Russian Counter-Measures- What’s the Latest?

Russia, USA - June 5 2018 As the world turns… There have been several key developments recently in the Russia sanctions context: Issuance of General License 15. This general…

Commerce Initiates Section 232 Investigation of Imports of Automobiles and Automotive Parts

USA - May 25 2018 Commerce Secretary Wilbur Ross announced on the evening of May 23 that he would begin a Section 232 investigation into the national security…

Russian State Duma Proposes to Criminalize Compliance with US and EU Sanctions and Adopts Retaliatory Measures

European Union, Russia, USA - May 24 2018 On May 14, a cross-party group of Russian lawmakers at the Russian State Duma, the lower house of the Federal Assembly of Russia, introduced an…

OFAC Issues General License Extending Authorization for Dealings with GAZ Group

Ukraine, USA - May 23 2018 Yesterday, OFAC issued General License No. 15 under the Ukraine-Related Sanctions Regulations (31 C.F.R. Part 589), authorizing the maintenance or…

A Brief Explanation of the EU Blocking Statute Process in Support of the JCPOA

European Union, USA - May 21 2018 On May 18, the Commission announced the launch of the formal process to activate the EU “blocking statute” (Council Regulation (EC) 2271/96) by…

EU Moves to Reactivate Blocking Statute, Launches Other Initiatives Regarding Iran

European Union, Iran, USA - May 18 2018 Here’s the official press release. The EU Blocking Regulation, which in its heyday was only sparingly (if ever) enforced with respect to Iran, is now…

The Plot Thickens: EU Prepares to Invoke Blocking Regulation in Response to U.S. Withdrawal from JCPOA

European Union, Iran, USA - May 17 2018 As the world seeks to come to grips with President Trump’s withdrawal from the JCPOA, it appears that the European Union will play one of its…