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Foreign Relations Oil & Gas Russia

Troutman Pepper Locke

Financial Transactions Related to Russian Energy Now Prohibited: Expiration of OFAC ‎General License 8L

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On March 12, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) allowed General License (GL) 8L under the Russian Harmful Foreign Activities Sanctions Regulations to expire. As a result, broad OFAC...more

Troutman Pepper Locke

Latest Sanctions Developments: Venezuela, Russia, and Yemen

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The Trump administration continues to ramp up sanctions on Venezuela and Yemen's Houthis, while sending mixed signals about its intentions with respect to Russia. We provide brief updates on these three areas, following up...more

Mayer Brown

UK Weekly Sanctions Update - Week of March 18, 2024

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

Mayer Brown

UK Weekly Sanctions Update - Week of February 5, 2024

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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

Mayer Brown

UK Weekly Sanctions Update - Week Of January 29, 2024

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

Troutman Pepper Locke

OFAC Targets Maritime ‎Companies & ‎Vessels for ‎Violating ‎Russian ‎Oil Price Cap & ‎Issues Related ‎General Licenses

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On December 20, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control ‎‎(“OFAC”) issued General Licenses (“GL”) 81 and GL 82 under the‎ Russian Harmful Foreign Activities ‎Sanctions Regulations, 31 CFR...more

Mayer Brown

European Union Adopts 12th Sanctions Package Against Russia

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On December 18, 2023, the European Union ("EU") adopted its 12th sanctions package against Russia. The new package introduces additional asset freeze measures, together with amendments to the EU asset freeze framework...more

The Volkov Law Group

OFAC Ramps Up Price Cap Enforcement as Coalition Publishes Compliance Advisory for Maritime Oil Industry

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It looks like the days of Russia’s so-called “shadow fleet” are numbered. The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced Thursday that it had imposed sanctions on two entities, and...more

White & Case LLP

Overview of the EU’s 10th sanctions package in relation to Russia

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On 25 February 2023, the EU adopted its tenth sanctions package against Russia. More industrial, high-tech and aviation goods are now banned for export to Russia, while Russian bitumen and related materials, synthetic rubber...more

Latham & Watkins LLP

Sanctions Update: US, EU, UK Introduce New Sanctions and Export Controls to Mark One-Year Anniversary of Russian Invasion of...

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New announcements and rules expand the scope of existing sanctions and export controls on Russia. This Client Alert is published in the context of ongoing developments and should be read in conjunction with the Latham’s...more

Holland & Knight LLP

No Time for a Year in Review with a Bear on the Loose

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The Biden Administration continues to place pressure on Russia, and on Feb. 24, 2023, marked the one-year anniversary of Russia's invasion of Ukraine with additional sanctions, export controls and tariffs. These new policies...more

BakerHostetler

Current State of U.S. Economic Sanctions Imposed on the Russian Federation and Covered Regions of Ukraine in Response to the...

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This update addresses the full implementation of the price cap policy for crude oil and petroleum products of Russian origin by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). On Feb. 3, OFAC...more

Troutman Pepper Locke

OFAC Russia Related Sanctions Update: ‎‎November 29, 2022‎ ‎Relating to the Extension of GL 13 and the ‎Russian Oil Price Cap

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GL 13. On November 21, 2022, the U.S. Department of the Treasury’s Office of Foreign Assets ‎Control ‎‎‎(“OFAC”) reissued General License (“GL”) 13C related to the Russian Harmful Foreign Activities ‎‎Sanctions Regulations,...more

Latham & Watkins LLP

Sanctions Update: EU and US Impose New Sanctions and Export Controls Relating to Russia

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The EU has issued its eighth “package” of sanctions measures on Russia. Meanwhile, US agencies have issued guidance on “secondary” sanctions enforcement, designated additional SDNs, and restricted further exports to Russia —...more

Bennett Jones LLP

UPDATED Canadian Sanctions Targeting Russia, Belarus and Separatist Territories in Ukraine Expanded

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On February 21, 2022, Russia formally recognized the purported independence of two regions in Eastern Ukraine, Donetsk and Luhansk. The next day it ordered Russian troops into the separatist-occupied territories, and the...more

Flaster Greenberg PC

What Does a Weakened Russia Mean?

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The best statesmen understand what less worldly and less experienced people often overlook: Wars are mainly political and economic endeavors, and they involve the use of brute force to obtain political and/or economic...more

Opportune LLP

The Limits Of Interdependence

Opportune LLP on

I read a very informative essay recently in Foreign Affairs magazine, titled “When Trade Leads to War: China, Russia and the Limits of Interdependence”, by Dale Copeland. It examines the Russian invasion of Ukraine and...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - August 2022 - European Countries Beware, Winter Is Coming, with Ice King Putin Leading the...

If you haven’t heard the words Ukraine or Russia within the last 5 months, one would assume that you must live under a rock, or that you’ve just decided to tune them out. Just as it seemed that we were on our way to being in...more

Skadden, Arps, Slate, Meagher & Flom LLP

EU and UK Adopt Further Sanctions and Export Controls Targeting Russia

In recent months, the European Union and United Kingdom have adopted additional measures targeting key elements of the Russian economy in response to the invasion of Ukraine. Specifically, the EU and UK continue to expand the...more

Eversheds Sutherland (US) LLP

Russia and Belarus sanctions update - July 2022

The US continues to ramp up sanctions pressure on Russia, now emphasizing Russian efforts to evade US export controls and obligations of financial institutions to police Russian efforts at sanctions and export controls...more

Bennett Jones LLP

UPDATED Canadian Sanctions Targeting Russia, Belarus and Separatist Territories in Ukraine Expanded - June 2022 #2

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On February 21, 2022, Russia formally recognized the purported independence of two regions in Eastern Ukraine, Donetsk and Luhansk. The next day it ordered Russian troops into the separatist-occupied territories, and the...more

Stikeman Elliott LLP

New Canadian Sanctions Against Russia Impact Service Providers in the Mining, Oil and Gas and Chemical Sectors

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In this post, we describe the Government of Canada’s new ban on certain services to Russia’s extractive resource and refining and chemical manufacturing sectors. As discussed below, the key points are: The Canadian...more

Jones Day

The War in Ukraine and the Consequences for the European Gas Market: New Russian Sanctions a Tit for Tat? Not Quite

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European energy companies face unprecedented uncertainty as a result of Russia’s invasion of Ukraine. As noted in our last White Paper, many countries have progressively imposed increasingly significant sanctions on Russia...more

Bennett Jones LLP

UPDATED Canadian Sanctions Targeting Russia, Belarus and Separatist Territories in Ukraine Expanded - June 2022

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On February 21, 2022, Russia formally recognized the purported independence of two regions in Eastern Ukraine, Donetsk and Luhansk. The next day it ordered Russian troops into the separatist-occupied territories, and the...more

Bennett Jones LLP

UPDATED Canadian Sanctions Targeting Russia, Belarus and Separatist Territories in Ukraine Expanded - May 2022

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On February 21, 2022, Russia formally recognized the purported independence of two regions in Eastern Ukraine, Donetsk and Luhansk. The next day it ordered Russian troops into the separatist-occupied territories, and the...more

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