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You can now listen to the audio version of our weekly sanctions updates here. Monday, May 25 There was no major development on this day. Tuesday, May 26 The EU Council adopted Decision (CFSP) 2026/1149, amending Decision (CFSP) 2024/1484 concerning restrictive measures in view of the situation in Russia. The decision does two things: first, it renews the existing measures for a further year until May 28, 2027; and second, it updates the identifying information and statements
You can now listen to the audio version of our weekly sanctions updates here. Monday, May 18 The EU Council renewed the EU’s sanctions regime targeting individuals and entities linked to the former al-Assad regime in Syria until June 1, 2027 (Here and press release) OFAC announced a $275 million settlement with Adani Enterprises Limited (AEL), an Indian company, over apparent violations of U.S. Iran sanctions. Between November 2023 and June 2025, AEL allegedly imported 35 shi
You can now listen to the audio version of our weekly sanctions updates here. Monday, May 11 The EU Council adopted Council Decision (CFSP) 2026/1072 and imposed asset freezing sanctions on 16 persons and seven entities responsible for the systematic unlawful deportation and forcible transfer of Ukrainian children to the Russian Federation and within temporarily occupied territories. (Here, and press release) The EU Council, in a non-substantive move, extended its sanctions r
You can now listen to the audio version of our weekly sanctions updates here. Monday, May 4 OFAC issued Venezuela-related General License 5W, "Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. (PdVSA) 2020 8.5 Percent Bond on or After June 19, 2026.” Once again OFAC delayed when U.S. persons could engage with the PdVSA named bond; this time to June 19, 2026. (Here) OFAC accordingly revised Venezuela-related FAQ 595. (Here) Tuesday, May 5 OFAC impos