Monday, July 25
There was no major development on this day.
Tuesday, July 26
OFSI added 42 entries to the list of parties targeted by the UK's sanctions under its Russia sanctions regime. (Here, press release) OFSI also added four individuals and one entity to its list of sanctioned targets under the UK's Syria regime. (Here)
In a series of decisions the EU Councils:
Extended Decision 2014/512/CFSP concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine extending the sanctions for another six-month period (here, press release);
Extended Decision (CFSP) 2021/1277 concerning restrictive measures in view of the situation in Lebanon extending the sanctions for another year (here, press release); and
Updated the annex to Decision (CFSP) 2015/1333 concerning restrictive measures in view of the situation in Libya. (Here)
Wednesday, July 27
There was no major development on this day.
Thursday, July 28
Once again, OFSI amended its General Guidance and updated the information about its approach to financial sanctions including sector and regime specific guidance, as well as information on monetary penalties for breaches of financial sanctions..
Friday, July 29
OFAC added two individuals and four entities to its SDN list under its Russia sanctions program. (Here, the Treasury's press release, the State press release) Interestingly, the U.S. Department of Justice unsealed an indictment against one the individuals targeted by OFAC. (Here)
Recommendation of the week
If you have not already read the EU proposal to make sanctions violations an EU crime, check commission's proposal to treat the breach of the restrictive measures as an EU crime here. The commission gave an overview of how a future Directive on criminal sanctions for the violation of Union rules on restrictive measures could look like.
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