THE JOURNAL OF EXPORT CONTROLS AND SANCTIONS
NEWS
OFAC targets companies that ‘seek to profit’ from Russia’s presence in Crimea
Sanctions ‘in response to Russia’s continuing malign activity and destabilizing behaviour.’
US administration issues guidance after re-imposition of Iran sanctions
Largest demonstration of ‘maximum pressure’ against Iran by current US administration to date.
EU amends restrictive measures on Venezuela and North Korea
November, 2018List of vessels prohibited under North Korea sanctions is amended.
OFAC extends EN+, RUSAL and GAZ licences again
November, 2018Licences have been extended as a result of ‘substantial corporate governance changes’.
Japan’s METI announces plans to revise Foreign Exchange Order and Export Trade Control Order
November, 2018Revisions bring lists in line with multilateral regimes.
US maintains pressure on Iran with Hizbollah designations
November, 2018Designations target parties leading Hizbollah’s operations in Iraq and Palestine.
EU and US continue to press Maduro regime
November, 2018Ongoing pressure a response to human rights violations and ‘undermining democracy and the rule of law in Venezuela.’
Secondary sanctions questions may lead to more banks de-risking.
Inquiry will ‘explore and evaluate’ possible approaches to sanctions policy after leaving the EU.
EU Parliament condemns Russia’s actions in Kerch Strait
November, 2018…and reiterates concern at the involvement of European companies which ‘undermined the EU sanctions regime.’
