International sanctions and export control

  • International sanctions and export control

    2021

    US, UK, Canada and Switzerland further increase sanctions pressure on Belarus

    On 9 August 2021, the one year anniversary of the fraudulent presidential elections in Belarus, the US, the UK and Canada all imposed new measures aimed at the Lukashenka regime. Two days later, Switzerland imposed similar measures.

  • International sanctions and export control

    2021

    EU imposes sectoral sanctions on Belarus, updates on EU's Myanmar/Burma and Libya regimes

    Over the course of an eventful week, the EU, the US, the UK and Canada increased the sanctions pressure on Belarus considerably.

  • International sanctions and export control

    2021

    US makes changes to sanctions on Chinese military companies

    On 3 June 2021, President Biden issued a new Executive Order, making important changes to the sanctions regime aimed at companies involved with the Chinese military.

  • International sanctions and export control

    2021

    UK launches new Global Anti-Corruption sanctions regime

    On April 26, 2021, the UK launched a new sanctions regime, aimed at preventing and combatting serious corruption.

  • International sanctions and export control

    2021

    US imposes new sanctions on Russia

    On 15 April 2021, President Biden issued an Executive Order targeting a broad array of individuals and entities deemed by the US to be involved in malign activities directed by the Russian government.

  • International sanctions and export control

    2021

    US launches new sanctions regime in response to Myanmar (Burmese) coup

    In response to the 1 February 2021 coup in Myanmar (Burma), President Biden last week issued an Executive Order imposing sanctions on the Myanmar military.

  • International sanctions and export control

    2021

    The US prohibits transactions with 8 Chinese software applications

    On 5 January 2021, President Trump issued an "Executive Order Addressing the Threat Posed By Applications and Other Software Developed or Controlled By Chinese Companies," taking aim at makers of Chinese software applications.

  • International sanctions and export control

    2020

    Potential expansions of US sanctions on China, Nord Stream 2/TurkStream pipelines, and Turkey

    The US Congress has passed the National Defense Authorisation Act for Fiscal Year 2021 (the "NDAA 2021"), and the annual defense spending bill is now pending President Trump's approval. Below, we briefly outline some key elements of the pending bill from a sanctions perspective.

  • International sanctions and export control

    2020

    The EU's new global human rights sanctions regime

    Yesterday, 7 December 2020, the EU adopted a new global human rights sanctions regime, equipping itself with a framework for targeting serious human violations and abuses.

  • International sanctions and export control

    2020

    Potential EU sanctions against Turkey in response to situation in Varosha

    On 26 November 2020, the European Parliament issued a resolution on the escalating tensions in Varosha, stressing the urgent need for the resumption of talks, and calling for "tough sanctions" on Turkey.

  • International sanctions and export control

    2020

    New Executive Order prohibits investments in Chinese Military Companies

    Amidst escalating tensions in US-China trade relations, President Trump last week issued an Executive Order ("the EO") on Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies

  • International sanctions and export control

    2020

    US amends North Korean Sanctions Regulations, imposes secondary sanctions

    Last week, the US Department of the Treasury's Office of Foreign Assets Control amended the North Korea Sanctions Regulations (31 CFR part 510, "the Regulations"). The revised Regulations implement the Treasury-administered provisions of the North Korea Sanctions and Policy Enhancement Act as amended by Countering America's Adversaries Through Sanctions Act and the National Defense Authorization Act for Fiscal Year 2020. The amendments include certain secondary sanctions, and took effect on 10 April 2020.

  • International sanctions and export control

    2019

    New US sanctions target Russia for use of chemical weapons

    The US has imposed new sanctions against Russia for its use of chemical weapons.

  • International sanctions and export control

    2020

    US imposes secondary sanctions over Nord Stream 2

    US imposes secondary sanctions over the Nord Stream 2 pipeline in Europe, currently under construction led by Russian state company Gazprom. The intention is to stop completion of the pipeline.

  • International sanctions and export control

    2019

    New US (and potential EU) sanctions on Turkey

    Turkey's military offensive in north-east Syria has led to new US primary and secondary sanctions from the US and announcements of potential future sanctions from the EU.

  • International sanctions and export control

    2019

    Companies Transacting with Chinese Shipowners Face New Sanctions Risks

    Last week, the Trump Administration imposed sanctions against Chinese entities and individuals that it has determined have been trading in Iranian oil

  • International sanctions and export control

    2019

    OFAC announces changes in sanctions rules on Cuba

    In previous Sanctions Alerts, we have discussed the Trump administration's shift in its sanctions policy against Cuba. Last week, the Department of the Treasury's Office of Foreign Assets Control (OFAC) took additional steps intended to financially isolate the Cuban government.

  • International sanctions and export control

    2019

    New US sanctions against Venezuelan government

  • International sanctions and export control

    2019

    Update on US sanctions on Iran

  • International sanctions and export control

    2019

    New US sanctions against Mali

  • International sanctions and export control

    2019

    Update: US sanctions on Cuba

    Multiple lawsuits filed under Libertad Act

  • Internasjonale sanksjoner og eksportkontroll

    2019

    US threatens secondary sanctions relating to Nord Stream 2

    US threatens secondary sanctions over the European Nord Stream 2 pipeline. Foreign parties involved in the construction could be subject to future US sanctions.

  • International sanctions and export control

    2019

    Sanctions update regarding Iran

    On 24 June 2019, President Trump announced another set of sanctions targeting Iran.

  • International sanctions and export control

    2019

    Iranian Metal Sanctions Update

    • US sanctions now prohibit Norwegian companies and banks from engaging in most transactions in Iran's metal sector. • There are fewer than 60 days left to wind down Iranian metal transactions that began before the sanctions were implemented.

  • International sanctions and export control

    2019

    Development in US sanctions relating to Venezuela

    On 17 April 2019, OFAC designated Banco Central de Venezuela under Executive Order 13850, as amended, for operating within the Venezuelan economy. At the outset, this means that all dealings involving Banco Central de Venezuela, or entities owned 50 % or more by this bank, are prohibited if subject to US jurisdiction.

  • International sanctions and export control

    2019

    Possible future development in EU sanctions relating to Libya

    On 11 April 2019, the High Representative of the EU, Federica Mogherini, made statements that, by some, have been interpreted as a possible warning of further EU sanctions relating to Libya.

  • International sanctions and export control

    2019

    US will not renew Iran oil exceptions

    On 22 April 2019, the US Secretary of State Mike Pompeo announced, somewhat surprisingly, that the US will not renew any of the existing Significant Reduction Exceptions ("SRE"s) that were issued for eight countries on 3 November 2018. The decision aims to "bring Iran’s oil exports to zero", according to the White House, and underscores the US determination to expand and enforce its maximum pressure against Iran.

  • International sanctions and export control

    2019

    US warns of potential sanctions relating to INSTEX and of sanctions on Iranian oil

    US warns of potential secondary sanctions on INSTEX

  • International sanctions and export control

    2019

    US prolongs sanctions on South Sudan for 1 year

    On 1 April 2019, President Trump declared that the US sanctions in relation to South Sudan will continue for 1 year.

  • International sanctions and export control

    2019

    EU Council extends sanctions on human rights violations in Iran

    This week, the Council of the EU extended its restrictive measures responding to serious human rights violations in Iran.

  • International sanctions and export control

    2019

    US extends sanctions on Somalia for 1 year

    On 10 April 2019, President Trump extended the US sanctions relating to Somalia for 1 year.

  • International sanctions and export control

    2019

    US considers Venezuela secondary sanctions

    Previously, we have informed of developments to the US primary sanctions on Venezuela. This week, the US indicated that also secondary sanctions might be on their way.

  • International sanctions and export control

    2019

    US prolongs sanctions on South Sudan for 1 year

    On 1 April 2019, President Trump declared that the US sanctions in relation to South Sudan will continue for 1 year.

  • International sanctions and export control

    2019

    EU extends sanctions regimes on Egypt and on Bosnia and Herzegovina for 1 year

    The EU has extended its sanctions against Egypt for 1 year until 22 March 2020.

  • International sanctions and export control

    2019

    We are launching WR Sanctions Alerts

    We aim to provide you with a quick and timely update on the latest developments in respect of EU, US, UN and Norwegian trade and economic sanctions against countries/regimes.

  • International sanctions and export control

    2019

    US renews legal basis for sanctions against Iran

    On 12 March 2019, the US renewed the legal basis for its sanctions against Iran.

  • International sanctions and export control

    2019

    US issues updated General License 7A in relation to sanctions against Venezuela

    Last week, we informed that OFAC had issued General Licences 3D and 9C relating to certain Venezuelan bonds and Petroleos de Venezuela S.A. ("PdVSA") securities. Yesterday, OFAC issued yet another General Licence relating to US sanctions against Venezuela.

  • International sanctions and export control

    2019

    Updated General Licenses in relation to the US Sanctions against Venezuela

    Previously, the US President has issued various Executive Orders ("EO"s) to stop the human rights abuses and antidemocratic actions of the regime of Venezuelan President Nicolas Maduro. Various General Licenses, issued by OFAC, do however provide exemptions from the EO provisions in order to minimize the impact on the Venezuelan people and US interests.

  • International sanctions and export control

    2018

    EU renews its Russia sectoral sanctions

    On 21 December 2018, the EU decided to extend its Russia-related sectoral sanctions and export controls for another six months, until 31 July 2019.

  • International sanctions and export control

    2018

    New US sanctions against Nicaragua

    On 20 December 2018, President Trump signed into law the Nicaragua Human Rights and Anticorruption Act of 2018. Being quite limited in scope, the Act instructs the US to oppose international loans and financial or technical assistance to the Nicaraguan government for projects in Nicaragua, unless the loans are sought for the purposes of addressing basic human needs or promoting democracy in Nicaragua.

  • International sanctions and export control

    2018

    EU lifts Eritrea sanctions

    On the 10th of December, the EU terminated its sanctions regime against Eritrea.

  • International sanctions and export control

    2018

    Norway lifts Eritrea sanctions

    Earlier this month, we informed that the UN has lifted its sanctions against Eritrea after nine years as a consequence of the improved political and military situation in the country.

  • International sanctions and export control

    2018

    UN lifts Eritrea sanctions

    On 14 November 2018, the UN Security Council adopted resolution 2444 (2018) terminating all UN restrictive measures against Eritrea with immediate effect.