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Sanctions & Export Controls Update Blog

Articles: 1-10 of 560

OFAC Issues New Syria-Related General License and New and Amended FAQs

Syria, USA - May 20 2022 On May 12, 2022, the US Treasury Department’s Office of Foreign Assets Control (“OFAC“) issued Syria General License No. 22 (“GL 22“), authorizing…

UK introduces changes to the Export Control Order 2008

United Kingdom - May 17 2022 On 28 April 2022, the UK introduced The Export Control (Amendment) Order 2022, amending the Export Control Order 2008 (S.I. 2008/3231), which will…

China: Long-awaited draft implementing rules released pursuant to the new Export Control Law

China - May 16 2022 More than one year since China’s new Export Control Law (“ECL”) became effective, the Ministry of Commerce (“MOFCOM”) has finally released the…

Department of Commerce Expands Russia Industry Sector Sanctions to Cover Additional Items

Russia, USA - May 13 2022 On May 9, 2022, the US Department of Commerce issued a Final Rule (the “Final Rule”) expanding the Russian industry sector sanctions to cover…

Russia imposes blocking sanctions on foreign energy companies

Russia - May 12 2022 On May 11, 2022, the Russian Government adopted Decree No. 851 “On measures to implement Presidential Decree No. 252 dated May 3, 2022” (“Decree No…

Canada Introduces Additional Designations on 19 Russian Senior Defence Officials and 5 Defence Sector Entities

Canada, Russia - May 10 2022 On May 6, Canada amended its sanctions measures imposed on Russia by designating an additional nineteen individuals and five entities under Schedule…

OFAC Issues New and Amended Russia-Related General Licenses and FAQs; BIS Issues New Russia-Related FAQs

Russia, USA - May 9 2022 On May 2 and 5, 2022, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued three new and two amended Russia-related…

Ukraine may cancel marketing authorizations for pharmaceuticals held by companies with ties to pharmaceutical manufacturing in Russia or Belarus

Belarus, Russia, Ukraine - May 9 2022 On 3 May 2022, the parliament of Ukraine adopted in the first reading the draft Law No. 7313 (“Draft Law“), aiming to prevent the turnover of…

Russia partially legalizes parallel imports

Russia - May 6 2022 On May 6, 2022, the Russian Ministry of Industry and Trade has set the list of products and product categories for which parallel imports into Russia…