In a National Security Presidential Memorandum issued 16 June 2017, the Trump Administration outlined modest changes to US Cuba policy and forthcoming revisions to economic sanctions regulations implementing the Cuba embargo. According to the memorandum, the shift is intended to “promote a stable, prosperous, and free country for the Cuban People,” by, among other things, redirecting US funds to private … Continue Reading
On 28 June 2017, the European Council extended the economic sanctions targeting specific sectors of the Russian economy until 31 January 2018. These sanctions were originally introduced on 31 July 2014 in response to Russia’s actions destablising the situation in Ukraine and to target the financial, energy and defence sectors, as well as dual-use goods. The EU has expressed that … Continue Reading
The EU Council has renewed by six months, until 15 March 2017, its restrictive measures targeting actions against Ukraine’s territorial integrity, sovereignty and independence. These restrictive measures consist of asset freezes and travels bans against 146 people and 37 entities. In its statement, the EU Council stated that its assessment of the situation did not justify a change in the … Continue Reading
Russian Prime Minister Dmitry Medvedev has announced that Russia is set to remove on a gradual basis its economic sanctions against Turkey. The sanctions are to be lifted “gradually” to prevent any harm against Russian producers. Russia’s sanctions on Turkey restrict the import of certain Turkish goods, including fruit and vegetables, and tourism to Turkey.… Continue Reading
On 6 July 2016, the US Treasury Department’s Offce of Foreign Assets Control (OFAC) added Kim Jong Un and 10 high-ranking officials of the North Korean government, and five North Korean entities, to the agency’s List of Specially Designated Nationals and Blocked Persons. The action follows the recent release of the US State Department’s “Report on Serious Human Rights Abuses … Continue Reading
The EU has renewed its economic sanctions against Russia for a further six months until 31 January 2017. These sanctions, which were due to expire on 31 July 2016, include restrictions on Russia’s energy industry and financial sector, as well as restrictions on dual-use exports and arms embargo. A comprehensive review of the sanctions, including … Continue Reading
OFAC has issued new regulations (at 31 C.F.R. Part 554) implementing the President’s Executive Order 13712, of 22 November 2015, imposing sanctions against Burundi. The sanctions consist of measures blocking property and interests in property of persons listed in or designated pursuant to Executive Order 13712, published in the Federal Register and incorporated into OFAC’s Specially Designated Nationals and Blocked … Continue Reading
