Ofac russia sanctions


Ofac russia sanctions


ofac russia sanctions Ambassador Nikki Haley's weekend announcement that new economic sanctions against Russia that Treasury Rep. The U. The Treasury Department unveiled new sanctions against five entities and 19 individuals. S. This Sanctions List Search application ("Sanctions List Search") is designed to facilitate the use of the Specially Designated Nationals and Blocked Persons list ("SDN List") and all other sanctions lists administered by OFAC, including the Foreign Sanctions Evaders List, the List of Persons Identified as Blocked Solely Pursuant to E. The Treasury announced the list just ahead of a the Trump administration has undermined and ridiculed the U. What we know and what we don’t know about additional sanctions on Russia after the recent State Department and Treasury reports. Treasury as Russia’s 19th The Trump administration on Monday announced sanctions against five Russian entities and three Russian nationals for aiding the Kremlin’s domestic security service. Adversaries Through Sanctions Act U. The Treasury Department's announcement of new sanctions on powerful Russians describes a global soap opera about power and money at the highest levels. The US is reacting to Russia-based cyberattacks, including the On April 6, 2018, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced new sanctions measures designating as Specially Designated Nationals (“SDNs“) seven Russian oligarchs and 17 Russian government officials previously identified in a report issued pursuant to Section 241 of the Countering America’s U. The first step was the issuance of two Crimea Region Sanctions; Ukraine Sanctions; Russia Sanctions; Office of Foreign Assets Control/OFAC; Sanctions Crimea Region Sanctions; Ukraine Sanctions; Russia Sanctions; Office of Foreign Assets Control/OFAC; Sanctions On September 29, 2017, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) amended and re-issued Ukraine-/Russia-related sanctions Directives 1 and 2. R. The The Treasury Department just slapped sanctions on a Russian company that built a spy submarine for the FSB. dollar Wednesday and extended its dive to a 2-year low on Thursday, as further U. The Treasury Department said it was imposing sanctions on five Treasury Sanctions Individuals and Entities In Connection with Russia’s Occupation of Crimea and the Conflict in Ukraine 12/20/2016 Action Designates Seven Individuals and Eight Entities and Identifies 26 Subsidiaries of the Russian Agricultural Bank and Novatek WASHINGTON – To maintain the effectiveness of existing sanctions, the U. sanctions on Russia and Moscow's plan to expand its Nord Stream gas pipeline to Germany, which has irked Washington, in talks with U. SANCTIONS ON RUSSIA regulations issued by the Treasury Department’s Office of Foreign Assets Control (OFAC). This alert provides key takeaways and compliance pointers. Sanctions, he said, had “become a powerful force in service of clear and As promised (or threatened), the Obama administration has unveiled - via the US Treasury - new sanctions against Russia over election hacking allegations (that as yet have not been supported by any actual evidence). Please find below a summary of recent developments regarding U. OFAC’s Sectoral Sanctions Identifications List (“SSI List”) as being subject to Directive 4 On July 16, 2014, the US Treasury Department, Office of Foreign Assets Controls (OFAC) issued the Sectoral Sanctions Identifications List (SSI List), imposing Treasury's directive covers "certain technology products," although it is unclear which products the license is intended to cover. The This is an update to Schulte Roth & Zabel’s July 30, 2014 Client Alert titled “Threatened Sectoral Sanctions Against Russia Become Reality. Trade Compliance Flash: OFAC Issues to require mandatory sanctions against persons who evade the Russia sanctions as well as persons responsible for IRB No. Department of Treasury, Office of Foreign Assets Control (OFAC) designated several Russian individuals and companies as Specially Designate Today’s action is part of Treasury’s continued commitment to maintain sanctions pressure on Russia until it fully OFAC is also designating pursuant to The Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions against seven Russian oligarchs and 12 companies they own or control, as well as 17 senior Russian government officials and a state-owned Russian weapons-trading company and its bank subsidiary. Department of OFAC Issues New General Licenses, Guidance Related to Recent Russia Sanctions. NPR's Mary Louise Kelly talks to Ambassador Daniel Fried of the Atlantic Council about the move. 2018, the U. Today is the effective date of the expanded sanctions set out in Directive 4 under the U. . $2 million Thursday for signing a joint venture with Russia's Rosneft in "reckless disregard" of Ukraine-related trade sanctions. Here are 5 steps for making sure your company complies. New OFAC designations signal continued U. U. Russia sanctions. Home > Export Controls and Sanctions > New OFAC designations signal continued U. authorities say sanctions on Russian deepwater and Arctic oil production don’t prohibit firms from helping to ship the supply back to market. Most of the people have ties to the Internet Research Agency, the “troll farm” that was The Senate moves to limit the Trump administration's ability to unilaterally roll back sanctions against Russia. The Treasury Department said it will allow American companies to make limited transactions with the FSB, the successor to the KGB, if it needs them to get approval to Russia and sanctions experts say they have been inundated by inquiries about the report, which is being written at the Treasury and State Departments. US officials say malware was found in operating systems of several US energy companies and announce sanctions for emanating from Russia. The first FAQ addresses the ability of US persons to receive payments of principal and interest from blocked people listed in General Licences 12C, 14, and 15. “With all due respect, I don’t get confused The Trump administration announced a new round of sanctions targeting Russian entities and individuals on Thursday. Treasury report outlining new sanctions on Russian business entities, to be released Monday, will test Trump's relationship with Congress. Department of Treasury’s Office of Foreign Assets Control (OFAC) has amended its Global Terrorism Sanctions Regulations (GTSR) in order to impose On April 6, 2018, the U. 12, 2014, the United States and European Union (“EU”) implemented increased Ukraine-related Only official editions of the Federal Register provide legal notice the Treasury's Office of Foreign efficacy of existing sanctions on Russia for violating OFAC has posted an SDN and Sectoral Sanctions Identifications (SSI) List Update. Congress. sanctions list released by the U. The Department of Treasury announced sanctions against top Russian officials and businesses Friday. "These targeted sanctions are a part of a broader effort to address the ongoing nefarious attacks emanating from Russia. cov. Department of Treasury’s Office of Foreign Assets Control (OFAC) exercised its authority to issue cyber sanctions under Executiv A Practical Guide to Screening and Monitoring The U. Sanctions compliance & enforcement. and the EU have coordinated efforts through sanctions and trade controls to respond to Russian activity in Crimea and Ukraine. government believes helped meddle in the 2016 elections and have engaged in cyber attacks. O. N. sanctions. The Cable U. The US has imposed another round of sanctions over Russian hacking. Treasury Department’s Office of Foreign Assets Control (OFAC) amended Directive 1 and Directive 2 of its Ukrainian-/Russian-related Sectoral Sanctions, as required by the Countering America’s Adversaries Through Sanctions Act of 2017 (H. OFAC sanctions programs are not only aimed at Russia, but also Cuba, Iran, North Korea, Venezuela, and other countries. sanctions on Russia,” Anders On Friday, April 6, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) OFAC’s new Russia-related sanctions * OFAC Directive 1, issued under Executive Order 13662, is part of the Russia/Ukraine Sectoral Sanctions framework. Sanctions, he said, had “become a powerful force in service of clear and The U. Russian Energy Minister Alexander Novak said on Tuesday he discussed U. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Ukraine- and Russia-related General Licenses 12A and 14, and additional guidance On July 16, 2014, the US Treasury Department, Office of Foreign Assets Controls (OFAC) issued the Sectoral Sanctions Identifications List (SSI List), imposing U. export and sanctions regime and discussed potential developments for 2018. Two Russian government officials were among 38 people and entities who have been added to a list of sanctions targets. The latest update, published by the Treasury on Monday, added the names of three Russian nationals, six others and five companies to a blacklist U. IRB No. Law Imposes Secondary Sanctions Against Russia, But Impact May Be Limited December 19, 2014 AUTHORS Office of Foreign Assets Control, A day after Nikki Haley announced that the US would be hitting Russia with new sanctions due to the suspected Syria chemical attack, President Trump is walking back her comments. of the Treasury's Office of Foreign Assets Control, The Trump administration will not grant Exxon an application for a waiver from US sanctions on Russia, Treasury secretary Steven Mnuchin said on Friday. OFAC has addressed uncertainties relating to key terms in the sanctions imposed against Russia in response to the unrest in Ukraine. Despite president-elect Trump's comments that "we ought to get on with our lives Sanctions on Russia: Seven Risk Management Considerations . Each embargo is Russian Sanctions: Addition of Certain Entities to the the efficacy of existing sanctions on Russia. The Russia sanctions provisions sought to limit the President’s ability to relax existing US sanctions targeting Russia while imposing WASHINGTON (AP) — The Trump administration on Monday slapped sanctions on several Russian companies and businessmen for engaging in cyberattacks and assisting Russia's military and intelligence services with other malicious activities. have been included on the U. Office of Foreign Assets Control new and developing sanctions related to Ukraine and Russia? The Treasury Department's Office of Foreign Assets Control fined Exxon Mobil Corp. The Department of the Treasury’s Office of Foreign Assets Control OFAC Further Expands, Extends, Russia by OFAC’s April 6, 2018 sanctions actions The Trump administration announced Thursday it is enacting new sanctions on Russia, including individuals indicted last month by special counsel Robert Mueller, in a sweeping new effort to punish Moscow for its attempts to interfere in the 2016 US election. The US has slapped sanctions on five Russian companies and three Russian individuals for allegedly aiding Russia's main intelligence agency. national security and foreign policy objectives. 530 To: Our Clients and Friends November 19, 2014 When It Comes to Russia and Ukraine-Related Sanctions, OFAC Isn’t the Only Game in Town The US Department of the Treasury has issued another round of sanctions against a handful of Russian groups and individuals. 530 To: Our Clients and Friends November 19, 2014 When It Comes to Russia and Ukraine-Related Sanctions, OFAC Isn’t the Only Game in Town Recently, the U. Treasury Department’s Office of Foreign Assets Control (OFAC) added 38 new designees to its list of Specially Designated Nationals and Blocked Persons (“SDN List”) related to Russia pursuant to Presidential Executive Orders (EOs) 13661 and 13662. Treasury Department Office of Foreign Assets Control said Thursday that while American companies cannot help Russia extract offshore, shale or Over the past several months, the United States has ramped up trade sanctions involving North Korea, Iran and Russia through several different mechanisms. Ambassador to the United Nations Nikki Haley fired back Tuesday after White House economic adviser Larry Kudlow claimed she was “confused” when she declared over the weekend that President Donald Trump would announce new sanctions on Russia. sanctions pressure on Russia. Treasury Department on Monday slapped new sanctions on Russia, including five business entities and three individuals. Office of Foreign Assets Control new and developing sanctions related to Ukraine and Russia? Holland & Hart's Trade Sanctions Blog Menu about the scope of the Russia sanctions program, OFAC’s broad Treasury’s Office of Foreign Assets Control has a maturity period specified in the Autonomous Sanctions (Russia, Crimea and Sevastopol) Specification 2015 for the financial instrument and the entity ; . The Treasury Department targeted five companies and technology firms as well as three executives from one of the companies, all of But amendments to the Senate's Russia sanctions bill now calls for a Sanctions Bill-- Forbes. Treasury’s Specially Home > Export Controls and Sanctions > New OFAC designations signal continued U. On April 6, 2018, the Office of Foreign Assets Control (“OFAC”) designated thirty-eight additional Russian parties for sanctions under the Russia/Ukraine sanctions program, including seven Russian “oligarchs,” twelve companies, seventeen Russian government officials, a state-owned weapons company and a Russian bank. Treasury Department’s Office of Foreign Assets Control (“OFAC”) has significantly expanded the number of entities and individuals subject to Russia sanctions and separately censured U. Treasury’s Office of Foreign Assets Control (OFAC) published new guidance in October related to the implementation of the Countering America’s Adversaries Through Sanctions Act (CAATSA). OFAC’s sanctions program currently consists of three different categories of sanctions: Traditional blocking sanctions against specific Ukraine- and Russia-related individuals and entities, which are listed on the List of Specially Designated Nationals and Blocked Persons (“SDN List”); Department’s Office of Foreign Assets Control (“OFAC”) issued expanded relief from sanctions against Russia, the United States took care to target globally Read about how New OFAC Sanctions Target Russian Companies. Certain activities related to the Ukraine\Russia-related Sanctions may be allowed if they are licensed by OFAC. S The White House scrambled Monday to walk back U. Maxine Waters questioned Treasury Secretary Steven Mnuchin for missing a deadline to impose sanctions on Russia, as ordered by the U. behalf of an individual or entity subject to Russia-related sanctions, or for the child OFAC also released several new FAQs that underscore the broad impact of Russia Sanctions 2017 The Ukraine/Russia-related sanctions program implemented by the US Department of Treasury’s Office of Foreign Assets Control (OFAC) Western states have ratcheted up sanctions against Russia over its actions in Ukraine, provoking the Kremlin into retaliating with sanctions of its own. Directive 1 prohibits dealings by U. OFAC Sanctions . The following individuals have been added to OFAC's SDN List: Recent Developments in Russia and Iran Sanctions . In response, Exxon filed a lawsuit in federal court in Texas, arguing that it had Putin remains defiant as Russian companies such as Sberbank and Gazprom are barred from western capital in dramatic sanctions over Ukraine The Treasury Department's Office of Foreign Assets Control fined Exxon Mobil Corp. The Treasury Department's Office of Foreign Assets Control fined Exxon Mobil Corp. On April 23, the U. Home » Happy September: OFAC Extends Russia/Ukraine Sanctions the U. The importance of sanctions screening and undertaking due diligence to ensure compliance with global sanction regimes, including OFAC sanctions. Treasury Secretary Steven Mnuchin told lawmakers that the Trump administration plans to levy new Russia sanctions based on a list of oligarchs and senior government officials published late Monday. Since the first round of sanctions targeting Russia, Shearman & Sterling has advised banks, financial institutions, commercial companies and clearing houses in relation to complex cross-border sanctions issues 1 CLIENT MEMORANDUM OFAC Updates Ukraine-Related Sanctions for Russia With New Designations, While Congress Moves to Expand Sectoral Sanctions on Russian Understanding the US and EU Sanctions Against Russia and Ukraine Updates on Latest Developments BakerHostetler • March 20, 2014: OFAC sanctions 20 more March 20, 2014 - Treasury Sanctions Russian Officials, Members Of The Russian Leadership’s Inner Circle, And An Entity For Involvement In The Situation In Ukraine Latham & Watkins operates worldwide as a limited liability partnership organized under the laws of the State of Delaware (USA) with affiliated limited liability partnerships conducting the practice in the United Latham & Watkins operates worldwide as a limited liability partnership organized under the laws of the State of Delaware (USA) with affiliated limited liability partnerships conducting the practice in the United www. These latest sanctions have been placed against companies that are controlled by and/or have provided support to Russia's Federal Security Service (FSB) as well as some In March 2016, shortly after the United States lifted sanctions on Iran over its nuclear program, then–Treasury Secretary Jack Lew gave a speech reflecting on the lessons Barack Obama’s administration had learned. The entities and individuals The Friday move to impose sanctions marks one of the administration's most aggressive actions against Russia, including sanctions against several oligarchs with ties to Vladimir Putin. OFAC Sanctions On July 16, 2014 and September 12, 2014, OFAC issued Russia sanctions have been one of the dominant issues of the export regulatory landscape in recent years. OFAC Sanctions On July 16, 2014 and September 12, 2014, OFAC issued OFAC’s sanctions program currently consists of three different categories of sanctions: Traditional blocking sanctions against specific Ukraine- and Russia-related individuals and entities, which are listed on the List of Specially Designated Nationals and Blocked Persons (“SDN List”); alert provides a summary of the state of U. officials said. According to a Treasury press release, GL 14 “authorizes U. The US government takes action against Russia for misdeeds including what it's calling the "most destructive cyberattack in history. " The Russian ruble dropped more than 3% against the U. 3364), which was signed into law by President Trump in August. The Treasury Department said it was imposing sanctions on five Haley made headlines during an interview on Sunday when she announced that the Trump administration would be rolling out new sanctions against Russia as punishment for its continued support of Syrian dictator Bashar Assad. OFAC has published 2 new FAQs relating to US sanctions on Ukraine & Russia. The company’s request would have permitted it to resume drilling in the Black Sea together with Russian oil producer Rosneft, which is majority Recent Developments in Russia and Iran Sanctions . Vladimir Bogdanov, the Director General and Vice Chairman of the Board of Directors of Surgutneftegaz, a vertically integrated oil company operating in Russia. In announcing the sanctions, the Treasury Department said the individuals and businesses had worked hand-in-hand with Russian Sanctions Update: Russia in transactions involving new equity and/or new debt of certain maturities issued by entities designated on OFAC’s Sectoral Sanctions China will fund investments in Russia worth billions of dollars, helping Moscow bypass Western sanctions. Treasury Department's OFAC announced a $2 million civil monetary penalty against Exxon Mobil for violations of Ukraine-Related Sanctions Regulations. In announcing the sanctions, the Treasury Department said the individuals and businesses had worked hand-in-hand with Russian WASHINGTON (AP) — The Trump administration on Monday slapped sanctions on several Russian companies and businessmen for engaging in cyberattacks and assisting Russia's military and intelligence services with other malicious activities. A combination of file photos show prominent Russian businessmen and officials on a U. Treasury and Energy Secretaries. Recent Developments in Russia and Iran Sanctions . Implementing CAATSA - OFAC Issues Amended Russian the U. They are here. US Expands Anti-Russia Sanctions Related to Sectoral Sanctions Identifications List, the Treasury Department's Office of Foreign Assets Control said in a New U. Treasury Department Office of Foreign Assets Control said Thursday that while American companies cannot help Russia extract offshore, shale or The Treasury Department will announce Monday sanctions on Russia related to its involvement in Syria’s use of chemical weapons. 13599 The Trump administration announced Thursday it is enacting new sanctions on Russia, including individuals indicted last month by special counsel Robert Mueller, in a sweeping new effort to punish Moscow for its attempts to interfere in the 2016 US election. The Russia Sanctions Review Act of 2017, (“BIS”) and the Office of Foreign Assets Control (“OFAC”) The U. presidential election WASHINGTON—The U. Economic Sanctions Policy and Implementation. export sanctions against Russia can be confusing. Today, the U. Office of Foreign Assets Control, Sudan Sanctions; Syria Sanctions; Russia Sanctions; The US government takes action against Russia for misdeeds including what it's calling the "most destructive cyberattack in history. persons in "new" financing, debt, and equity meeting the criteria described further in this publication. Department of the Treasury’s Office of Foreign Assets Control 1 The Russia sanctions provisions The Treasury Department on Monday imposed new sanctions against Russian businesses and individuals linked to the Kremlin’s main security agency over their role in cyberattacks against the U. Most of the people have ties to the Internet Research Agency, the “troll farm” that was by Jeremy Paner Last week, the U. Treasury Department’s Office of Foreign Assets Control (OFAC) added 38 new designees to its list of Specially Designated Nationals and Blocked Persons (“SDN The U. The Ukraine/Russia-related sanctions program implemented by the Office of Foreign Assets Control (OFAC Ukraine/Russia-related sanctions also block the property WASHINGTON – The U. Treasury Department on Friday imposed sanctions on Russia’s Agrosoyuz Commercial Bank, saying it handled transactions for North Korea in violation of United Nations bans. Treasury Department. Below OFAC has issued guidance and statements on specific licensing policies as they relate to the Ukraine-related Sanctions. and non-U. government took several steps to implement sections of the Countering America’s Adversaries Through Sanctions Act of 2017 (CAATSA). Treasury has announced fresh sanctions on Russian citizens and companies suspected of links with Moscow’s security and cyberattack forces. 5 million and with English Royal Bank of Scotland Sanctions Against Russia - Part 3: OFAC issued Directives 1–4 on July 16 and September 12, 2014 to implement the Russia sanctions, and there have been certain subsequent amendments. Oleg Deripaska has been investigated for money laundering, and has been accused of threatening the lives of business rivals, illegally On March 15, the Office of Foreign Assets Control (OFAC) designated as Specially Designated Nationals (“SDNs”) 2 new persons under an existing Obama-era cyber Executive Order, and 13 new persons under new authority granted by the Countering America’s Adversaries Through Sanctions Act (CAATSA). Treasury Department’s Office of Foreign Assets Control (OFAC) issued General License (GL) 14 in its Ukraine/Russia sanctions program. companies, and the release earlier this In FAQs issued with the new sanctions designations, OFAC explains that 1 CLIENT MEMORANDUM OFAC Updates Ukraine-Related Sanctions for Russia With New Designations, While Congress Moves to Expand Sectoral Sanctions on Russian The United States on Friday imposed major sanctions against Deripaska is ranked by Forbes magazine as Russia’s 19th richest after OFAC designated OFAC issues new guidance on the Russia sanctions through new FAQs. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) sanctioned seven Russian oligarchs and 12 companies they own or control, 17 senior Russian government officials, and a state-owned Russian weapons trading Sanctions coverage. Law Imposes Secondary Sanctions Against Russia, But Impact May Be Limited December 19, 2014 AUTHORS Office of Foreign Assets Control, Countries of Concern, Sanctions and Embargoes - Research Integrity & Compliance in Research & Innovation at the University of South Florida On March 15, 2018 the U. By Peter Jeydel on September 29, 2017 OFAC today revised its Ukraine/Russia-related sectoral sanctions directives prohibiting US person dealings in new debt or new equity of listed Russian financial institutions and new debt of listed Russian energy companies (in both cases, these prohibitions continue to apply to the “interests in property alert provides a summary of the state of U. The list of SDNs is available here. A draft Senate bill proposing tough new sanctions for Russia’s role in interfering in the 2016 U. Implementation of the Countering America’s . On September 29, the U. sanctions appeared at the horizon. The Department of the Treasury’s Office of Foreign Assets Control OFAC Further Expands, Extends, Russia by OFAC’s April 6, 2018 sanctions actions Questions on specific transactions should be directed to the U. Treasury as Russia’s 19th The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the U. Last month, the US Senate passed significant Russia sanctions legislation as an amendment to an Iran sanctions bill targeting Iran’s ballistic missile program. Treasury Secretary Steven Mnuchin said the measures were to counter "malicious actors" working to "increase Russia's offensive cyber-capabilities". On April 6, 2018, the U. The World Cup is coming and Russia is used to who are now under U. in the Office of Foreign Assets Control Russia/Ukraine-related Designations and Identifications; Publication of Russia/Ukraine-related General License December 20, 2016 Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) updated the Specially Designated Nationals List and the Sectoral Sanctions Identifications List to target sanctions evasion and other The U. and EU sanctions on Russia as of 1. On September 29, 2017, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended Directive 1 and Directive 2 of the Russia Sectoral Sanctions in accordance with Section 223 of the Countering America’s Adversaries Through Sanctions Act passed by the US Congress and signed into law by the President on August 2, 2017. Cases on point are OFAC settlements with Russia-based Bank of Moscow for $9. ”On Sept. On April 23, 2018, the U. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued new Russia/Ukraine-related sanctions on Thursday, September 1, 2016. Department of the Treasury's Office of Foreign Assets Control The list of SDNs is available here. While US Continues to Expand Russia Sanctions, some or all of the sanctions against Russia Sanctions against Iran; Meet OFAC in Brussels and On July 16, 2014, the US Treasury Department, Office of Foreign Assets Controls (OFAC) issued the Sectoral Sanctions Identifications List (SSI List), imposing International payment system Mastercard has stopped serving clients of seven Russian lenders, after the US issued sanctions against it regarding Russia’s position over the Ukrainian turmoil. It administers and enforces economic and trade sanctions in support of U. "Treasury intends to impose additional sanctions, informed by our intelligence community, to hold Russian government officials and oligarchs accountable for their destabilising activities by severing their access to the US A Practical Guide to Screening and Monitoring The U. The departments must submit reports to Congress on new potential sanctions by Monday. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced its assessment of a $2 million civil money penalty against ExxonMobil for alleged egregious violations of the Ukraine-Related Sanctions Regulations. Russia sanctions program, as amended by the U. com . In response, Exxon filed a lawsuit in federal court in Texas, arguing that it had Crimea Region Sanctions; Ukraine Sanctions; Russia Sanctions; Office of Foreign Assets Control/OFAC; Sanctions Russia Sanctions Relief. " U. A year since the enactment of the United States' cornerstone sanctions against Russia, Would OFAC see this blacklisting as advancing the sanctions US President Donald Trump approved fresh sanctions on Russia Wednesday after Congress showed overwhelming bipartisan support for the new measures. The US Treasury Department has imposed fresh sanctions on five Russian entities and three individuals, saying that they worked with Moscow's military and intelligence services in an effort to conduct cyberattacks against the US. sanctions pressure on Russia A combination of file photos show prominent Russian businessmen and officials on a U. Office of Foreign Assets Control The U. The Treasury Department on Monday sanctioned five Russian entities and three Russian individuals for helping Russia build up its offensive hacking prowess, targeting them as part of an continuing effort to deter Moscow’s aggression in cyberspace, U. sanctions pressure on Russia Russia/Ukraine-related Designations and Identifications; Publication of Russia/Ukraine-related General License December 20, 2016 Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) updated the Specially Designated Nationals List and the Sectoral Sanctions Identifications List to target sanctions evasion and other OFAC has published 2 new FAQs relating to US sanctions on Ukraine & Russia. by Jeremy Paner Last week, the U. Treasury The Trump administration announced a new round of sanctions targeting Russian entities and individuals on Thursday. "The administration is confronting and countering malign Russian cyber activity, including On April 6, 2018, the U. Their assets will now be frozen, and they will be forbidden from doing business Nate Bolin and Mollie Sitkowski summarize key takeaways from their webinar, “Export Controls and OFAC Sanctions Update,” which addressed recent changes in the U. Treasury Department Office of Foreign Assets Control said Thursday that while American companies cannot help Russia extract offshore, shale or Three top Senate Democrats are done waiting for the Trump administration to complete their implementation of congressionally mandated Russia sanctions. The Treasury Department on Thursday announced a new round of sanctions against Russian persons and entities the U. sanctions on Russia,” Anders Category: OFAC • Russia Sanctions. The move advances the Trump administration’s “maximum pressure” campaign to press Pyongyang to OFAC issues new guidance on the Russia sanctions through new FAQs. On May 22, 2018, OFAC issued General License 15 (GL15), which authorizes, through October 22, 2018, transactions and activities ordinarily Government Contracts & International Trade. The Treasury Department announced sanctions against five companies and three people on Monday, saying they'd helped develop many of the hacks coming out of Russia. Treasury Hits Russia With More Sanctions Over Ukraine The new penalties come as Russian troops conduct military drills on the border with Ukraine. “[Treasury] Secretary Mnuchin will be announcing those on Monday, if he In March 2016, shortly after the United States lifted sanctions on Iran over its nuclear program, then–Treasury Secretary Jack Lew gave a speech reflecting on the lessons Barack Obama’s administration had learned. In response, Exxon filed a lawsuit in federal court in Texas, arguing that it had The Trump administration on Thursday altered sanctions against companies doing business with Russia's domestic intelligence agency. Despite president-elect Trump's comments that "we ought to get on with our lives The U. tightened sanctions on Russia Tuesday in a bid to force the end of its occupation of Crimea. by issues surrounding the imposition of multilateral sanctions against Russia and the Office of Foreign Assets Control New U. These followed earlier sanctions against Russia the US Department of Treasury announced sanctions Citing the Russian government’s “range of malign activities around the globe,” on April 6, 2018, the U. SANCTIONS ON RUSSIA March 4, 2015 Page 47 Second, OFAC has implemented the sectoral sanctions. Department of the Treasury’s Office of Foreign Assets Control on Ukraine-Russia Sanctions. Department of the Treasury’s Office of Foreign Assets Control (OFAC), in consultation with the Department of State, today designated seven Russian oligarchs and 12 companies they own or control, 17 senior Russian government officials, and a state-owned Russian weapons trading company and its subsidiary, a Russian bank. economic sanctions relating to Russia and Ukraine have steadily evolved since their introduction in 2014 in response to Russia’s occupation of the Crimea Russia Sanctions 2017 The Ukraine/Russia-related sanctions program implemented by the US Department of Treasury’s Office of Foreign Assets Control (OFAC) sanctions on Russia that apply to U. Over the past six months, the U. sanctions relating to Russia and a summary of Relating to Russia/Ukraine to Date. Treasury department has added 38 people and entities to a list of sanctions targets, including two Russian officials. The US Treasury on Tuesday eased sanctions on Gaz Group, the Russian automotive manufacturer, giving Americans more time to wind down contracts with the Oleg Deripaska-owned company. OFAC’s Sectoral Sanctions Identifications List (“SSI List”) as being subject to Directive 4 What we know and what we don’t know about additional sanctions on Russia after the recent State Department and Treasury reports. Department of Treasury’s Office of Foreign Assets Control (OFAC) promulgated regulations which formally implement the Ukraine-related sa The Strange Case of OFAC Against Exxon for Sanctions ExxonMobil OFAC sanctions Ukraine Russia on the Corruption, Crime & Compliance blog is not intended AS THE West is loth to go to war against Russia over Ukraine, When Mr Timchenko was put on OFAC’s sanctions list on March 20th 2014, In March 2016, shortly after the United States lifted sanctions on Iran over its nuclear program, then–Treasury Secretary Jack Lew gave a speech reflecting on the lessons Barack Obama’s administration had learned. persons to engage in specified transactions related to winding down or maintaining business with United Company RUSAL PLC Speak to a distinguished sanctions attorney about any questions regarding the new OFAC sectoral sanctions and how they may impact your future. Department of the Treasury has imposed new sanctions against 16 individuals, nine entities, and six vessels in response to North Korea’s ongoing pursuit of weapons of mass destruction and violations of existing UN resolutions, a press release announced on Wednesday. Department’s Office of Foreign Assets Control (“OFAC”) issued expanded relief from sanctions against Russia, the United States took care to target globally Recent weeks have seen significant changes in the global sanctions landscape, predominantly due to notable actions by the US government. ofac russia sanctions