The New Cold War: Risk, Sanctions, Compliance Episode 22: "Focus on Iran: Protests, Sanctions and Oil"
Our International Trade team comments on additional restrictions on trade with Cuba
In the wake of Nicolás Maduro’s capture and transfer to the United States for prosecution on drug‑trafficking–related charges, senior U.S. officials have made clear that Venezuela‑related sanctions will remain in place for...more
U.S. sanctions policy is facing a complicated year as officials navigate shifting geopolitical pressures, evolving strategies and potential legal constraints. U.S. policymakers must strike the right balance between providing...more
I. U.S. SANCTIONS - U.S. Is Prepared to Issue New Russia Sanctions if Putin Rejects Ukraine Peace Deal: According to Bloomberg and Reuters, on December 17 the United States was reported to be preparing an additional round...more
In this weekly update, we summarise the most notable updates in the UK sanctions world....more
I. Introduction - The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) is responsible for enforcing the Export Administration Regulations (EAR) — the rules that control the export, reexport, and even...more
In its continuing response to Russia’s ongoing invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia and Belarus....more
In this weekly update, we summarise the most notable updates in the UK sanctions world. RUSSIA SANCTIONS...more
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
In this weekly update, we summarise the most notable updates in the UK sanctions world. ...more
In October 2025, the US, UK, and EU implemented coordinated sanctions against Russia’s two largest oil companies: Public Joint Stock Company “Rosneft Oil Company” (Rosneft) and Public Joint-Stock Company “Oil Company Lukoil”...more
Last month Bracewell highlighted the latest sets of Russia-related sanctions imposed by the United Kingdom, European Union and United States, explaining the potential far-reaching implications of what are the strongest...more
UPDATE - On November 10, 2025, the Department of Commerce’s Bureau of Industry and Security (“BIS”) issued its final rule staying the new Affiliates Rule, which will make any unlisted foreign entity owned, directly or...more
In this weekly update, we summarise the most notable updates in the UK sanctions world. RUSSIA SANCTIONS - OFSI amends General Licence relating to payments made between third parties and sanctioned financial...more
Hughes Hubbard’s “Sanctions in a Snap” is intended to provide a clear and concise summary of recent developments from the Office of Foreign Assets Control (OFAC). We hope you find it helpful in assessing U.S. economic...more
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
Each quarter, I send my clients a trade compliance update, highlighting important developments over the last few months and summarizing key points for important sanctions programs. In addition to a variety of ad hoc...more
On October 22, 2025, President Trump imposed new sanctions targeting Russia’s oil and gas sector in response to a “lack of serious commitment to a peace process to end the war in Ukraine.” This is the first major escalation...more
In August, Bracewell discussed the evolving impact of UK and EU sanctions on corporations in the energy and infrastructure sectors. In a significant escalation, in October, the UK, US and EU changed the landscape again by...more
In a notable sign of enhanced U.S. pressure on Russia concerning the ongoing war in Ukraine, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced significant new sanctions on October 22,...more
On October 22, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sweeping new sanctions targeting Russia’s energy sector, citing the Kremlin’s continued refusal to engage in...more
On October 22, 2025, the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury designated OJSC Rosneft (Rosneft) and Lukoil OAO (Lukoil) on the List of Specially Designated Nationals and Blocked Persons...more
On October 22, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has issued full blocking sanctions on Open Joint Stock Company Rosneft Oil Company (“Rosneft”) and Lukoil OAO (“Lukoil”)...more
On October 22, 2025 the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Open Joint Stock Company Rosneft Oil Company (Rosneft) and Lukoil OAO (Lukoil), placing both companies, including all...more