Recent sanctions developments: £30,000 fine for breaches of UK sanctions; expanded prohibition on professional services for persons connected with Russia; Office of Foreign Assets Control OFAC and UK Office of Financial Sanctions Implementation OFSI collaboration.
EU announced adoption of sixth package of restrictive measures against Russian Federation as it continues aggression against Ukraine. Package imposes further sanctions on Belarus. Sanctions cover financial services, exports, oil imports, broadcasting, and more.
The UK introduced new measures to prevent provision of internet services to, for benefit of designated persons. Measures apply to whole UK territory, conduct where that conduct is wholly, partly outside UK. Designated entities can be found on UK Sanctions List.
The Department of Treasury’s Office of Foreign Assets Control shared novel, sweeping sanctions crippling Russia’s war power, sanctioned Russian bank, state-owned TV station key figures. Bureau of Industry and Security BIS proposed rule restricting export, reexport, transfer.