On 18 December 2014, the Council of the EU announced that it had imposed substantial additional sanctions on investment, services and trade with Crimea and Sevastopol. Council Regulation (EU) No 1351/2014 of 18 December 2014 amending Regulation (EU) No 692/2014 concerning restrictive measures in response to the illegal annexation of Crimea and Sevastopol (the New Regulation) was published in the Official Journal on 19 December 2014, entered into force on 20 December 2014, and…
On December 19, 2014, the Special Economic Measures (Ukraine) Regulations were amended by the Regulations Amending the Special Economic Measures (Ukraine) Regulations (SOR/2014-317). The unofficial version has been posted on the Foreign Affairs, Trade and Development Canada (DFATD) website. The amending regulations add nine names to sanctions list in Part 1 of the schedule.
On December 19, 2014, the Special Economic Measures (Russia) Regulations were amended by the Regulations Amending the Special Economic Measures (Russia) Regulations (SOR/2014-316). The unofficial version has been posted on the Foreign Affairs, Trade and Development Canada (DFATD) website. The amending regulations prohibit certain new debt and equity financing; add 11 individuals to the sanctions list, and prohibit any person in Canada and any Canadian outside Canada from exporting, selling, supplying or shipping any good referred…
On December 13, 2014, the U.S. Congress passed the Ukraine Freedom Support Act of 2014, a bill to impose certain new sanctions against Russia and in support of Ukraine. It is currently expected that this bill will be signed into law by the President within the next few days. The proposed sanctions include extraterritorial “Iran-style” sanctions against foreign parties engaging in certain activities in the defense, energy and financial sectors. The Senate first passed…
On 5 December the Official Journal published Council Decision 2014/872/CFSP and Council Regulation (EU) No 1290/2014 (both adopted 4 December 2014) amending the sanctions against Russia. The amendments come into force on 6 December 2014. The latest EU measures are intended to provide additional clarity to the scope and application of certain provisions. They do not introduce new sanctions or widen the scope of existing sanctions. In particular, the new Decision and Regulation: • Replace the phrase…
On 29 November 2017, the Official Journal published Council Decision 2014/855/CFSP of 28 November 2014 amending Decision 2014/145/CFSP concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine and Council Implementing Regulation (EU) No 1270/2014 of 28 November 2014 implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine (the Regulation). The Regulation…
On November 18, 2014, the Office of Foreign Assets Controls (OFAC) issued a new FAQ regarding Ukraine-related sanctions. The FAQ, #418, is shown below in its entirety: 418. How does OFAC interpret the term “shale projects” with respect to the prohibitions in Directive 4 under Executive Order 13662?The prohibitions in Directive 4 under Executive Order 13662 apply to deepwater, Arctic offshore, or shale projects with the potential to produce oil in the Russian Federation, or…
On 7 November 2014, the legislation.gov.uk website posted SI 2014/2932 – The Export Control (Russia, Crimea and Sevastopol Sanctions) (Amendment) Order 2014 (the Order). The Order makes provision for the enforcement of certain new trade restrictions against Russia specified in Council Regulation (EU) No 960/2014 (OJ No L 271, 12.9.2014, p3) (the Amending Regulation) which amends Council Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine. It…
To prevent the circumvention of international sanctions relating to the situation in Ukraine, Switzerland will, with effect from 18H CET 12 November 2014, extend its anti-circumvention measures to apply to the sanctions that the EU introduced against Russia in September (pursuant to Council Regulation (EU) No 960/2014, amending Council Regulation (EU) No 833/2014). This has been effected by way of an amendment to the ordinance of 27 August 2014, as reported on Baker &…
On 15 October 2014, the official Legislation.gov.uk website posted SI 2014/2710 – The Russia, Crimea and Sevastopol (Sanctions) (Overseas Territories) Order 2014, which gives effect in specified Overseas Territories (Anguilla, British Antarctic Territory, British Indian Ocean Territory, Cayman Islands, Falkland Islands, Montserrat, Pitcairn, Henderson, Ducie and Oeno Islands, St Helena, Ascension and Tristan da Cunha, South Georgia and the South Sandwich Islands, The Sovereign Base Areas of Akrotiri and Dhekelia in the Island of…