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Updates

Last Week's Major Developments in Sanctions - September 14 to September 18, 2026

Monday, September 14 After speculations that followed the Secretary of the Treasury's announcement that the United States would impose sanction againsts a large bank under the U.S. sanctions against Iran, OFAC imposed blocking sanctions against VTB Bank under its Iran sanctions program (E.O. 13902) for operating in the financial sector of the Iranian economy, and for establishing correspondent banking relationships with sanctioned Iranian financial institutions and building a

Janvi Manek

39 minutes ago5 min read

Last Week's Major Developments in Sanctions - September 7 to September 11, 2026

Monday, September 7 There was no major development on this day. Tuesday, September 8 In a major development in the UK, the Iran (Sanctions) (Amendment) Regulations 2026 was laid in the UK Parliament. The legislation, which enters in force on 29 September imposes (previously announced) further sectoral sanctions on Iran, broadly corresponding to measures lifted by the UK and partners as part of the Joint Comprehensive Plan of Action.  It follows the UK complying with UN sancti

Janvi Manek

7 days ago7 min read

Last Week's Major Developments in Sanctions - August 31 to September 4, 2026

Monday, August 31 There was no major development on this day. Tuesday, September 1 There was no major development on this day. Wednesday, September 2 OFAC issued a reminder to file the Annual Report of Blocked Property (ARBP) as of June 30, 2026 no later than September 30, 2026. OFAC notes that failure to file the ARBP by September 30 may lead to an enforcement referral. (Here) OFAC amended three Venezuela-related general licenses under 31 CFR Part 591, effective September 2,

Janvi Manek

Sep 84 min read

Last Week's Major Developments in Sanctions - August 24 to August 28, 2026

Monday, August 24 The European Commission updated its Russia sanctions FAQs across three areas: the Infrastructure Transaction Ban (Article 5ae, Reg. 833/2014), the Oil Price Cap (Article 3n, Reg. 833/2014), and the LNG Import Ban (Article 3ra, Reg. 833/2014) all reflecting changes introduced by Regulation (EU) 2026/1848 of 23 July 2026. (Here) The U.S. Departments of State and Treasury jointly launched "Operation Economic Outcast," an unprecedented whole-of-government sancti

Janvi Manek

Sep 17 min read

Last Week's Major Developments in Sanctions - August 17 to August 21, 2026

Monday, August 17 There was no major development on this day. Tuesday, August 18 The U.S. State Department imposed blocking sanctions on two International Criminal Court (ICC) officials: President of the ICC and ICC Senior Trial Lawyer (Japan; Senegal) under its International Criminal Court-Related Sanctions Regulations pursuant to Executive Order 14203. The ICC-related designations targeted the officials for their roles in Court efforts to investigate, arrest, detain, or pro

Janvi Manek

Aug 243 min read

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