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United States and European Union Ratchet Up Russia Sanctions

On July 16, 2014, the United States ratcheted up its sanctions on Russia in connection with escalating tensions in Eastern Ukraine. Specifically, the U.S. Department of the Treasury, Office of Foreign Assets Control (“OFAC”)...more

Increasing Russian Sanctions Target Financial and Energy Sectors

On July 16, the U.S. government further expanded the sanctions imposed in response to Russian President Vladimir Putin's decision to reclaim the Crimean Peninsula as a part of the Russian Federation. These expanded sanctions...more

Update on Russia-Ukraine Sanctions: Significant Expansion of Sanctions Presents Additional Compliance Challenges

On July 16, 2014, the United States announced another expansion of sanctions in response to events in southern and eastern Ukraine. The United States for the first time imposed sanctions against major Russian companies and...more

New Ukraine-Related Sanctions Imposed on Russian Interests

On July 16, 2014, the Obama Administration responded further to developments in Ukraine by imposing another new round of sanctions on Russian, Ukrainian and Crimean parties. Importantly, for the first time, the United States...more

US and EU Increase Sanctions against Russia

Following weeks of diplomatic discussions, on July 16 the United States and European Union announced a new round of sanctions against Russia over the continued crisis in Ukraine. Although the US and EU have coordinated these...more

United States Imposes New Sanctions and Export Restrictions Against Russian Banks, Companies, and Individuals

On July 16, the U.S. Department of Treasury, Office of Foreign Assets Control (OFAC) imposed new sanctions against Russia, which target the country’s financial, energy and defense sectors. In a parallel action, the U.S....more

Ukraine Crisis Update: US Imposes New Sanctions on Major Russian Banks and Energy Companies

US announces “sectoral” sanctions on major banks and energy companies, adds to the Specially Designated Nationals list; European Council considers additional sanctions. On July 16, 2014, the U.S. Department of the...more

EU Launches € 50 Million Public-Private Biobased Industries Partnership

In a July 9, 2014, press release, the European Union (EU) announced the launch of seven public-private partnerships, established under the EU's new research funding program Horizon 2020. They represent a total investment of €...more

U.S. Issues New Sanctions On Russia Targeting Defense, Energy Sectors

The Obama administration expanded U.S. sanctions against Russia on July 17th targeting the country’s financial, energy and defense industries in response to Russia’s continued support for Ukrainian separatists. Along with...more

Obama Administration Imposes New Sanctions on Key Russian Energy, Financial and Defense Companies; EU Considering Expanded...

The Obama Administration announced new sanctions on Wednesday, July 17, 2014, targeting key companies in Russia’s energy, financial and defense sectors, as well as other companies, regional separatist governments, and...more

Obama Beefs Up Russian Sanctions, But Still No Full Monty

President Obama announced yesterday the creation of the new Sectoral Sanctions Identification List (“SSI List”) issued pursuant the Russian sanctions program and the addition of two Russian energy companies and two Russian...more

Fifth Round of Sanctions Target Certain Russian Banks, Energy Companies and Arms Manufacturers

The U.S. Office of Foreign Assets Control (OFAC) issued a fifth round of designations imposing limited sanctions on two Russian banks and two major Russian energy companies. OFAC also designated and blocked the assets of...more

July Sanctions Update: Ukraine and Iran

We have set out below a summary of the recent changes in respect of the Ukraine as well as an update on the position regarding the “Joint Plan of Action” in respect of Iran....more

Additional US and EU Sanctions Imposed on Russia and the Russian Government Reaction

On July 16, 2014, the U.S. Government imposed additional sanctions against Russian and Ukrainian individuals and companies as a result of the ongoing crisis in Eastern Ukraine. In addition to adding five individuals and 11...more

US Imposes Sectoral Sanctions on Russian Financial and Energy Companies, Expands Ukraine-Related Designations and Adds Further...

On July 16, 2014, the United States issued new sanctions targeting the Russian financial and energy sectors in response to the ongoing unrest in Ukraine. The new sectoral sanctions target four Russian companies by placing...more

Monthly Update for July 2014

Limited Space Still Available For Sustainable Futures Training Workshop: There are still spaces available for the Sustainable Futures Training workshop scheduled for August 5-7, 2014, at the George Washington University...more

Lost Opportunity On US LNG Exports

IN A MOVE THAT COULD SIGNIFICANTLY SHAKE UP THE GLOBAL LNG MARKET, THE US DEPARTMENT OF ENERGY RECENTLY ANNOUNCED SEVERAL DEVELOPMENTS REGARDING NATURAL GAS EXPORTS, INCLUDING A PROPOSED RULE CHANGE FOR REVIEWING APPLICATIONS...more

SEC Settles Civil FCPA Action Against Two Former Oil Services Executives

On the eve of a trial which was scheduled to begin this week, the Securities and Exchange Commission settled a civil Foreign Corrupt Practices Act (FCPA) case it brought against two former oil services executives. The case...more

ML Strategies’ Energy & Environment Update: July 2014 #2

During the past several years, Europe has installed about 2,000 offshore turbines (6,500 MW of offshore wind generation capacity), with capacity doubling since 2010. Offshore wind provides almost 1% of total power in Western...more

Energy & Environment Update - July 2014

In This Issue: - Despite Hurdles, U.S. Offshore Wind Industry Poised for Growth - Energy and Climate Debate - Congress - Administration - Department of Commerce - Department of...more

How the Ukraine Crisis is Redefining European, Russian and US Energy Relations

The continuing turmoil in Ukraine has once again heightened Europe’s concern over its energy security and rehashed memories of the gas disputes of January 2006 and 2009 when supplies to Europe were disrupted. Following these...more

U.S. Surpasses Russia and Saudi Arabia as World’s Leading Producer of Oil

With an output exceeding 11 million barrels per day in the first quarter of 2014, the United States has surpassed Saudi Arabia and Russia to become the largest producer of crude oil and liquids separated from natural gas in...more

LNG As A Marine Fuel – The Speed Of Change

“When I was asked if I might speak about the use of LNG as fuel for ships, two thoughts came to mind. Firstly, the old Latin maxim: volenti non fit injuria. Or in my vernacular: “well, you asked for...more

Sanctions Round-Up: Second Quarter 2014

In this issue: - US Authorities End Quarter Full of Enforcement Actions with $8.9 Billion BNP Settlement - US and EU Make Numerous Ukraine-Related Designations as Separatist Aggression Continues - US...more

Introduction of the Exploration Development Incentive

In the 2014 Budget, the Federal Government announced that it would introduce Exploration Development Incentive (EDI) tax credits to encourage and stimulate growth in the junior mining industry. This is a simpler approach to...more

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