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Energy Sector Economic Sanctions Export Controls

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

K&L Gates LLP

European Union Adopts 18th Sanctions Package Against Russia

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On 18 July 2025, the Council of the European Union adopted additional measures which have been introduced in its 18th sanctions package in response to the ongoing conflict in Ukraine (the Package)....more

Skadden, Arps, Slate, Meagher & Flom LLP

EU Targets Russia’s Energy, Financial and Defense Sectors in 18th Sanctions Package

- What is new: The EU adopted its 18th sanctions package against Russia and Belarus, imposing asset freezes on 55 additional individuals and entities, expanding sectoral sanctions and introducing new restrictions targeting...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

White & Case LLP

EU adopts 18th sanctions package against Russia

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On 19 July 2025, the EU published its 18th package of sanctions against Russia. The package introduces several new measures and updates in relation to the energy, financial, and defence sectors. Key changes include new and...more

Mayer Brown

EU Adopts 18th Package Against Russia & Parallel Sanctions On Belarus

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Presented as “one of its strongest sanctions packages against Russia”, the European Union (“EU”)’s 18th package against Russia was officially published on July 19, 2025, along with mirror amendments to the Belarus sanctions...more

White & Case LLP

Status update: EU and UK easing of sanctions on Syria

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On 23 June 2025, the EU Council approved a new set of conclusions on Syria, confirming the EU's support for the country's peaceful transition and its engagement with the transitional government to facilitate Syria's economic...more

Vinson & Elkins LLP

Commercial Considerations Related to the Shift in Syrian Sanctions Policy

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On May 23, 2025, General License 25 (“GL 25” or the “General License”) was issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), suspending a wide array of sanctions against Syria....more

K&L Gates LLP

European Union Adopts 16th Package of Sanctions Against Russia

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In a bid to further increase the pressure on Russia, the Council of the European Union has adopted additional measures which have been introduced in its 16th sanctions package. The new measures amending the framework Council...more

Mayer Brown

Russia/Ukraine Sanctions Update - Month of April 2025

Mayer Brown on

I. U.S. SANCTIONS  - White House Reportedly Considering Lifting Sanctions on Russian Energy Assets: On April 23, Politico reported that the White House is debating lifting sanctions on Russia’s Nord Stream 2 natural gas...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

Skadden, Arps, Slate, Meagher & Flom LLP

Latest EU Sanctions Extend Asset Freezes, Restrict Oil Industry Dealings and Target ‘Shadow Fleet’

The European Union (EU) has reaffirmed its sanctions policy toward Russia by implementing two rounds of restrictive measures that are intended to further intensify pressure on Russia’s government and economy. Specifically,...more

Pillsbury - Global Trade & Sanctions Law

EU and UK Sanctions Updates to Mark the Three-Year Anniversary of the Invasion of Ukraine

On February 24, 2025, the EU adopted its 16th package of sanctions against Russia, Belarus and non-government-controlled areas of Ukraine, symbolically marking the third anniversary of the start of Russia’s invasion of...more

Mayer Brown

UK Weekly Sanctions Update - Week of February 24, 2025

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In this weekly update, we summarise the most notable updates in the UK sanctions world...more

Seward & Kissel LLP

OFAC Announces Wind Down of Chevron’s Oil Operations in Venezuela

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On March 4, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Venezuela General License 41A, “Authorizing the Wind Down of Certain Transactions Related to Chevron Corporation’s Joint...more

Foley Hoag LLP

Adoption by the EU of the 16th Sanctions Package Against Russia: Key Takeaways

Foley Hoag LLP on

The 16th package of European economic sanctions adopted and published in the Official Journal of the European Union (hereinafter the “EU”) on 24 February 2025 came into force on 25 February 2025. This 16th package of...more

Seward & Kissel LLP

OFAC Announces Two New Waves of Sanctions Targeting Russia’s Oil Production and Exports, Military-Industrial Base, and Sanctions...

Seward & Kissel LLP on

On January 10 and January 15, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sweeping sanctions targeting Russia’s oil production and exports, military-industrial base, and other...more

Mayer Brown

Russia/Ukraine Sanctions Update - Month of January 2025

Mayer Brown on

I.  US SANCTIONS - U.S. Department of the Treasury Takes Action Against Russian Efforts to Evade U.S. Sanctions: On January 15, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) designated...more

White & Case LLP

China Imposes Retaliatory Tariffs and Non-Tariff Measures in Response to Trump Tariffs

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On February 4, 2025, China announced it would impose additional tariffs on certain US imports from February 10, 2025 in retaliation to President Trump's executive order issued under the International Emergency Economic Powers...more

Husch Blackwell LLP

China Announces Retaliatory Tariffs and Non-Tariff Actions Against the U.S.

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On February 4th, in response to President Trump imposing 10% tariffs on all Chinese imports, China announced a number of retaliatory tariff and non-tariff actions. Retaliatory tariff actions: China announced a 15% tariff on...more

Katten Muchin Rosenman LLP

OFAC Sanctions Russia's Energy Sector

In an effort to reduce Russian energy revenues being used to fund the war against Ukraine, on January 10, 2025, the United States Department of the Treasury's Office of Foreign Assets Control (OFAC), issued a “determination”...more

Troutman Pepper Locke

A Minefield in Russia’s Energy Sector: Biden’s Final Sanctions Act May be Game-Changing

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Days before President Biden leaves the White House, the U.S. government has delivered a major blow against Russia. On January 10, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced...more

K&L Gates LLP

New US Sanctions Target Russia’s Energy Sector

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On 10 January 2025, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a package of new sanctions targeting Russia’s energy sector. In an effort to curtail Russia’s oil revenue and ability...more

Kelley Drye & Warren LLP

OFAC Issues New Determinations, Sanctions, Targeting Russian Energy and Petroleum

On January 10, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued significant new sanctions targeting Russia’s primary oil revenue sources, including sanctions against Public Joint...more

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