Ukraine/Russia - Sanctions Information
News Alerts and Information on Sanctions Legislation for Ukraine / Russia
News Alert: OFAC have further extended the winding down time to 7 January 2019 for contracts with Rusal and others - News Alert 23 November 2018
News Alert: OFAC have added a number of Russian individuals and entities to the SDN list, including aluminium producer/shipper Rusal, but have granted a General Licence allowing US perons until 23 October 2018 to wind down contracts with Rusal - News Alert 26 April 2018
- EU Legislation: On 28 June 2017, the Council prolonged the restrictive measures over actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine for a further six months, until 31 January 2018. For the press release on the topic and links to the EU overview of measures, click here.
US Guidance: To access an overview of OFAC's regulations with regard to Ukraine/Russia-related sanctions, including links to FAQs, other guidance and licencing information, please click here.
News Alert: Kerch Commercial Sea Port, which exerts control over the Strait of Kerch and the Kerch Canal, is a sanctioned entity under the US and EU Sanctions legislation - News Alert 17 November 2015
P&I Circular: Crimea and Sevastopol – EU Council Regulation No 825/2014 of 30 July 2014 – Restrictions on the import into the Union of goods originating in Crimea or Sevastopol, in response to the illegal annexation of Crimea and Sevastopol - P&I Circular 5.499 12 August 2014
- EU Legislation: On 31 July 2014, the EU imposed sanctions on Russia via Council Decision 2014/512/CFSP and EU Council Regulation no. 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine. This includes restrictions on energy-related goods, technologies and associated services - see EU Regulation no. 833/2014 (as amended to October 2015) and click here to access a copy of the European Commission's guidance note of 25 September 2015 on the implementation of certain provisions of EU Regulation No 833/2014.
P&I Circular: Crimea and Sevastopol – EU Council Regulation No 692/2014 of 23 June 2014 – Restrictions on the import into the Union of goods originating in Crimea or Sevastopol - P&I Circular 5.496 16 July 2014
News Alert: information on the Ukrainian government Directive concerning closure of all ports in the territory of Crimea on the basis that the area is temporarily occupied - News Alert 16 July 2014
News Alert: information on the introduction of sanctions by the EU against the import into the EU of goods originating from Crimea or Sevastopol with links to EU Council Decision 2014/386/CFSP and EU Council Regulation 692/2014 dated 23 June 2014 - News Alert 8 July 2014
- US Legislation: On 20 June 2014, the Office of Foreign Assets Control announced that it was adding seven individuals in Ukraine to it's “Specially Designated Nationals” List - click here for further details.
EU Legislation: EU Council Decision 2014/265/CFSP and EU Council Regulation 476/2014 of 12 May 2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine, inclulding details of individuals and entities added to the list of asset freeze targets. A copy of the consolidated legislation EU Council Regulation 269/2014 of 17 March 2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine can be accessed here
- News Alert: information on the introduction of sanctions by the EU and USA - News Alert 7 March 2014
EU Legislation: EU Council Decision 2014/119/CFSP of 5 March 2014 concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in Ukraine and EU Council Regulation 208/2014 (as amended up to June 2015) of 5 March 2014 concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in Ukraine Regulation
- US Legislation: The Office of Foreign Assets Control in the US Treasury Department issued the Ukraine-related Sanctions Regulations, 31 C.F.R. Part 589 (“URSR”) on 8 May 2014 to implement three Executive Orders (EO) of March 2014. The legislation imposes asset freezes and visa bans against a broad range of individuals and entities, including certain Russian government officials and those operating in energy, metals, mining and engineering sectors of the Russian economy. Links to the three EOs are below:
EO 13660 - Blocking Property of Certain Persons Contributing to the Situation in Ukraine (6 March 2014)
EO 13661 - Blocking Property of Additional Persons Contributing to the Situation in Ukraine (17 March 2014)
EO 13662 - Blocking Property of Additional Persons Contributing to the Situation in Ukraine (20 March 2014)