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Economic Sanctions Oil & Gas

Latham & Watkins LLP

Sanctions Update EU and UK Tighten Restrictions on Russian Oil and Provision of Software to Russia

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During 18-19 July 2025, the EU unveiled its 18th “package” of sanctions launched against Russia since Russia’s invasion of Ukraine in February 2022. Among these measures, the EU seeks to close an apparent loophole by which...more

Bracewell LLP

Crude Realities: The Evolving Impact of UK and EU Sanctions

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Recent months have seen a number of significant sanctions developments, giving rise to changes in the international compliance landscape. In this article, we collect the key issues and set out our analysis of what this means...more

Hughes Hubbard & Reed LLP

The EU Adopts Broad New Sanctions Against Russia, Including 17th and 18th Packages, and Belarus Sanctions Alignment Package

The European Council ended a highly active semester on the economic sanctions front with the adoption of its 17th and 18th economic sanctions packages (Russia Sanctions Packages or Sanctions Packages) against Russia for its...more

Troutman Pepper Locke

Doubling Down – US Slaps 25% Additional Tariff on Indian Imports for India’s Oil Trade With Russia

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“Secondary tariffs” strike again, with India now squarely in the crosshairs of the latest U.S. trade action. On August 6, President Trump issued an executive order “Addressing Threats to the United States by the Government of...more

Pillsbury - Global Trade & Sanctions Law

Trump Administration Imposes Secondary Tariffs on India Over Russian Oil Imports

On August 6, 2025, President Trump published a new Executive Order imposing secondary tariffs on India in response to its continued importation of Russian-origin crude oil. This marks both an escalation in U.S. trade...more

Kelley Drye & Warren LLP

White House Imposes Additional 25% Tariffs on Indian Goods

Wednesday morning, the White House declared a new national emergency on products of countries that are ​“directly or indirectly” importing crude oil and petroleum products from the Russian Federation. The executive order...more

Husch Blackwell LLP

Additional Tariffs of 25% on Indian Origin Goods Effective August 27, 2025

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The Trump Administration announced in an executive order that it will institute and impose an additional 25% on imports of goods with a country of origin India effective August 27, 2025 to address India’s imports of Russian...more

Seward & Kissel LLP

OFAC Announces New Round of Sanctions Targeting Iran’s Energy Sector

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On the heels of the Trump administration’s June strikes on key nuclear sites in Tehran, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced significant new sanctions on July 30, 2025,...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Sanctions Update: New Designations, Lowered Oil Cap and Continued Focus on Combatting Circumvention

- What is new: UK Russian sanctions were strengthened with new designations and a reduced oil price cap. The government also published its cryptoassets threat assessment, issued guidance on sanctions for non-UK businesses and...more

Mayer Brown

UK Weekly Sanctions Update - Week of July 14, 2025

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RUSSIA SANCTIONS - UK Lowers Oil Price Cap on Seaborn Russian Crude Oil, OFSI publishes related FAQs: On July 18, 2025, the UK Government, alongside the EU, announced that it will lower to Oil Price Cap on seaborne Russian...more

Blake, Cassels & Graydon LLP

Le Canada annonce le plus important ensemble de sanctions contre la Russie depuis 2022

Le 17 juin 2025, le gouvernement fédéral canadien a annoncé l’imposition du « plus vaste ensemble » de sanctions liées aux navires et au commerce contre la Russie depuis l’invasion à grande échelle de l’Ukraine par la Russie...more

Holland & Knight LLP

Venezuela Update: June 30, 2025 (English)

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Holland & Knight's Venezuela Focus Team invites you to read our Venezuela Update, in which we discuss the latest news, trends and developments in Venezuela that impact the interests of businesses across all industry sectors. ...more

Flaster Greenberg PC

Energy Insecurity Threatens Food Production

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Prior to Israel’s recent attacks on Iran, energy prices and supplies were buffeted by the continuing war between Ukraine and Russia. Following the American bombing of three Iranian nuclear sites, Iran threatened to close the...more

Eversheds Sutherland (US) LLP

Syria sanctions lifted after decades

On May 23, 2025, the Office of Foreign Assets Control (OFAC) issued General License 25 (GL 25), authorizing transactions prohibited by the Syrian Sanctions Regulations, effectively lifting sanctions on Syria. This comes 10...more

Holland & Knight LLP

Trump Administration Provides Significant Sanctions Relief to Syria

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The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on May 23, 2025, announced a significant relaxation of the comprehensive economic sanctions imposed on Syria through the issuance of General...more

Ballard Spahr LLP

Cracking Down on CJNG: FinCEN’s Alert and OFAC’s Strategic Sanctions on Oil Smuggling

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In a significant move to curb illegal activities at the U.S. Southwest border, the Financial Crimes Enforcement Network (FinCEN) issued an alert, on May 1, 2025, concerning oil smuggling from Mexico into the United States,...more

Troutman Pepper Locke

Crude Crimes: Treasury Warns on Oil Smuggling and Money Laundering

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The Treasury Department has taken initial steps to implement the Trump administration’s “total elimination” policy directed at certain drug trafficking cartels. Most recently, on May 1, Treasury’s Financial Crimes Enforcement...more

Ropes & Gray LLP

UK Introduces New Russia Sanctions

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On April 23, 2025, the UK Government published the Russia (Sanctions) (EU Exit) (Amendment) Regulations 2025 (the “Amending Regulations”), which took effect on April 24, 2025. The Amending Regulations amend the Russia...more

Flaster Greenberg PC

Corruption in Ukraine Spells Potential Trouble for Post-War Economic Rebuilding

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Ever since the relationship between former President Joe Biden’s son, Hunter, and a Ukrainian energy company called Burisma became public, Ukrainian energy companies have been in the public eye. That remains the case, as the...more

Miles & Stockbridge P.C.

Left Out of ‘Liberation Day’: Demystifying Continuing Import Sanctions and Tariffs on Russia

President Donald Trump issued an executive order (EO) earlier this month announcing sweeping “reciprocal” tariffs on imports from countries across the world. One country missing from the EO’s increased tariffs was Russia,...more

American Conference Institute (ACI)

[Event] Trade & Sanctions Compliance for the Oil and Gas Industry - May 21st - 22nd, Houston, TX

Between tariffs, tightening export controls, evolving sanctions, and ramped up enforcement, the cost and complexity of compliance is rising for oil and gas supply chains. ACI’s Trade & Sanctions Compliance for the Oil and...more

Mayer Brown

UK Weekly Sanctions Update - Week of April 14, 2025

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In this weekly update, we summarise the most notable updates in the UK sanctions world. If you have any questions in respect of any of the developments set out below, please do not hesitate to contact a member of our London...more

Katten Muchin Rosenman LLP

OFAC Issues Updated Guidance to Shipping and Maritime Sector Regarding Evasion of Iranian Oil Sanctions

On April 16, 2025, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued an update to its Sept. 2019 advisory, addressed to the global shipping and maritime sector, regarding sanctions evasion...more

Wiley Rein LLP

[Podcast] Oil, Opulence, and One Crystal-Encrusted Michael Jackson Glove

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Join hosts Tatiana Sainati and Diana Shaw as they delve into the harrowing history of corruption and violence in the Republic of Equatorial Guinea. Discover how a single political family managed to siphon off the nation's...more

Bracewell LLP

Post Liberation Day --"Secondary Tariffs" Raise Costs Even Higher for International Actors

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President Trump has used tariffs as a significant point of geopolitical leverage since the beginning of his second term. Indeed, his administration dubbed April 2, 2025 “Liberation Day” in honor of a sweeping set of tariffs...more

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