I. U.S. SANCTIONS -
U.S. Department of the Treasury Imposes $4.7 Million Penalty on Real Estate Investor for Dealing in Russian Blocked Property: On November 24, the U.S. Department of the Treasury’s Office of Foreign...more
12/1/2025
/ Asset Freeze ,
Economic Sanctions ,
Enforcement Actions ,
EU ,
European Commission ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
U.S. Treasury ,
UK ,
Ukraine ,
Vessels
I. U.S. SANCTIONS -
U.S. Department of the Treasury Announces Balkans-Related Designation Removals: On October 29, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced the deletion of...more
11/4/2025
/ Belarus ,
Cryptocurrency ,
Economic Sanctions ,
EU ,
European Commission ,
Export Controls ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
U.S. Treasury ,
Ukraine
On 21 October 2025, the European Commission (“Commission”) submitted a proposal to amend the European Union’s (“EU”) Regulation on Deforestation-Free Products (“EUDR”), aiming to reduce regulatory burden on businesses while...more
Following proposals made by the European Commission (“Commission”) on September 19, 2025, the European Union (“EU”)’s 19th package of sanctions targeting Russia, including parallel measures aligning sanctions on Belarus, has...more
On 17 October 2025, Regulation (EU) 2025/2083 of the European Parliament and of the Council of 8 October 2025 amending Regulation (EU) 2023/956 as regards simplifying and strengthening the carbon border adjustment mechanism...more
10/17/2025
/ Carbon Emissions ,
Climate Change ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Imports ,
International Trade ,
New Legislation ,
Regulatory Reform ,
Reporting Requirements ,
Trade Policy
Following the activation of the snapback mechanism set forth in United Nations Security Council’s (“UNSC”) Resolution 2231 (2015) by the E3 (France, Germany and the United Kingdom), all nuclear-related sanctions on Iran...more
10/6/2025
/ Economic Sanctions ,
Energy Sector ,
EU ,
Export Controls ,
Financial Institutions ,
Foreign Investment ,
Imports ,
International Trade ,
Investment ,
Iran ,
Natural Gas ,
New Regulations ,
Oil & Gas
I. U.S. SANCTIONS -
U.S. Secretary of State Meets with Russian Foreign Minister: On September 24, U.S. Secretary of State, Marco Rubio, met with Russian Foreign Minister, Sergey Lavrov. During the meeting, Secretary Rubio...more
9/29/2025
/ Asset Freeze ,
Economic Sanctions ,
EU ,
European Commission ,
Export Controls ,
Foreign Policy ,
International Trade ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Tariffs ,
U.S. Treasury ,
Ukraine
I. U.S. SANCTIONS -
U.S. Department of the Treasury Sanctions Russian Cryptocurrency Exchange: On August 14, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) re-designated the cryptocurrency...more
8/29/2025
/ Cryptocurrency ,
Cyber Crimes ,
Cybersecurity ,
Economic Sanctions ,
EU ,
Financial Crimes ,
Office of Financial Sanctions Implementation (OFSI) ,
Office of Foreign Assets Control (OFAC) ,
Ransomware ,
Russia ,
Sanctions ,
Trump Administration ,
U.S. Treasury ,
UK ,
Ukraine
I. U.S. SANCTIONS -
U.S. Treasury Department Sanctions Iranian Shipping Network that Transports Oil and Petroleum Products from Russia: On July 30, the U.S. Department of the Treasury’s Office of Foreign Assets Control...more
8/1/2025
/ Economic Sanctions ,
EU ,
Export Controls ,
Office of Financial Sanctions Implementation (OFSI) ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Tariffs ,
Trade Relations ,
U.S. Treasury ,
UK ,
Ukraine ,
Vessels
Presented as “one of its strongest sanctions packages against Russia”, the European Union (“EU”)’s 18th package against Russia was officially published on July 19, 2025, along with mirror amendments to the Belarus sanctions...more
I. U.S. SANCTIONS -
Politico Reports President Trump Will Not Increase Sanctions on Russia to Maintain Peace Talks: On June 25, Politico reported that during an interview with Secretary of State, Marco Rubio, Secretary...more
On June 17, 2025, the European Commission (“Commission”) published a proposal for a Regulation aimed at phasing out imports of Russian natural gas, enhancing the monitoring of energy dependencies, and amending existing EU...more
I. U.S. Sanctions - President Trump Threatens Sanctions on Russia Following Drone Attack on Ukraine: On May 28, Bloomberg reported that President Trump said he was “‘absolutely’ considering new sanctions against Russia as...more
6/2/2025
/ Economic Sanctions ,
EU ,
Export Controls ,
Foreign Policy ,
HM Treasury ,
New Legislation ,
Office of Financial Sanctions Implementation (OFSI) ,
Proposed Legislation ,
Russia ,
UK ,
Ukraine ,
United States
On 22 May 2025, the European Commission (“Commission”) made public risk classification of countries under the EU Deforestation Regulation (“EUDR”)1 which assigned a low level of risk to 140 countries and high level of risk to...more
In recent weeks, the United States, European Union, and United Kingdom have taken significant steps to relax of their sanctions on Syria, paving the way for long-awaited normalization of commercial relations and...more
5/29/2025
/ Economic Sanctions ,
EU ,
Financial Institutions ,
Gulf Cooperation Council (GCC) ,
International Trade ,
Investors ,
Office of Foreign Assets Control (OFAC) ,
Regulatory Requirements ,
Syria ,
Trump Administration ,
UK
On May 20, 2025, the European Union ("EU") and the United Kingdom ("UK") adopted new sanctions targeting Russia, reflecting prior commitments to apply "further pressure on Russia to hinder its ability to wage its war of...more
INTRODUCTION -
On 8 May 2025 the European Commission announced a consultation on potential countermeasures in response to recent US tariffs on EU products. This development is part of ongoing trade tensions between the EU...more
I. U.S. SANCTIONS -
White House Reportedly Considering Lifting Sanctions on Russian Energy Assets: On April 23, Politico reported that the White House is debating lifting sanctions on Russia’s Nord Stream 2 natural gas...more
4/28/2025
/ Economic Sanctions ,
Energy Sector ,
EU ,
European Commission ,
Export Controls ,
Office of Financial Sanctions Implementation (OFSI) ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Trade Relations ,
U.S. Treasury ,
UK ,
Ukraine
On 19 March 2025, the European Commission ("Commission") unveiled its European Steel and Metals Action Plan ("Steel and Metals Plan"), outlining the short and medium-term work program aimed at enhancing the competitiveness of...more
4/9/2025
/ Aluminum Sales ,
Competition ,
Economic Sanctions ,
EU ,
European Commission ,
Exports ,
Goods or Services ,
Imports ,
Infrastructure ,
International Trade ,
Popular ,
Russia ,
Steel Industry ,
Tariffs ,
Trade Policy
I. US SANCTIONS -
U.S. Agrees to Help Lift International Sanctions on Certain Russian Exports: On March 25, Reuters reported that Washington has agreed “to push to lift some sanctions against Moscow.” This consideration...more
4/8/2025
/ Economic Sanctions ,
EU ,
European Commission ,
Exports ,
Imports ,
International Trade ,
Office of Financial Sanctions Implementation (OFSI) ,
Russia ,
Trade Relations ,
UK ,
Ukraine ,
United States
On 12 March 2025, the United States (US) imposed tariffs of up to 25% on imports of steel, aluminium, and certain products containing steel and aluminium from the European Union (EU) and other trading partners....more
On 24 February 2025, marking the third year of the Russian invasion of Ukraine, the European Union (“EU”) adopted the 16th package of sanctions against Russia, correspondingly aligned sanctions targeting Belarus, and...more
3/5/2025
/ Belarus ,
Crimea ,
Economic Sanctions ,
EU ,
Export Controls ,
Financial Institutions ,
International Trade ,
Regulatory Requirements ,
Russia ,
Syria ,
Trade Relations ,
Ukraine
I. US SANCTIONS -
U.S. Department of the Treasury Takes Action Against Russian Efforts to Evade U.S. Sanctions: On January 15, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) designated...more
I. US SANCTIONS -
U.S. Department of the Treasury Designates Russian Construction Director and Issues Russia-Related General Licenses: On December 18, the U.S. Department of the Treasury’s Office of Foreign Assets Control...more
12/27/2024
/ Asset Freeze ,
Belarus ,
Belarus Sanctions ,
Economic Sanctions ,
Entity List ,
EU ,
Export Controls ,
Exports ,
Foreign Policy ,
Imports ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Trade Relations ,
Trade Restrictions ,
UK ,
Ukraine
As the year closes, the European Union (“EU”) continues to use sanctions as its foreign policy tool of choice. On December 16, 2024, the EU adopted a total of 15 texts providing for new sanctions. While the centerpiece, the...more