In this edition:

- US and EU continue targeting Russia for its activity in Ukraine

- Cuba-related regulatory reforms announced

- P5+1 and Iran reach framework agreement

- US enforcement actions: Spotlight on Commerzbank AG

- US uses sanctions to target terrorists abroad

- OFAC continues use of Kingpin Act to target drug traffickers worldwide

- Excerpt from US and EU continue targeting Russia for its activity in Ukraine:

Russia Related Sanctions for Q1 2015 - On January 30, the US Office of Foreign Assets Control (OFAC) published three Ukraine-related general licenses allowing for certain personal remittances and communications. In doing so, these general licenses authorize certain transactions that would otherwise be prohibited under E.O. 13685 of December 19, 2014, “Blocking Property of Certain Persons and Prohibiting Certain Transactions with Respect to the Crimea Region of Ukraine.”