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Last week's major developments in sanctions - Jul. 12th to Jul. 16th, 2021

Monday, July 12th

- The EU Council amended "Decision 2014/512/CFSP concerning restrictive measures in view of Russia’s actions destabilizing the situation in Ukraine" for another six months. (EU Official Journal, press release)

- The EU High Representative informed the Council about the stalemate in Lebanon, and announced a political understanding that a sanctions regime would be established against those responsible for the situation. (Here)

- The U.S. Department of State imposed visa restrictions (a type of sanctions) on 100 Nicaraguans believed to be responsible for, or complicit in, undermining democracy, including those with responsibility for, or complicity in, the suppression of peaceful protests or abuse of human rights, and the immediate family members of such persons. (Here)

- OFAC issued a relatively broad General License authorizing exportation and re-exportation of liquefied petroleum gas (LNG) to Venezuela even if the government of Venezuela or PdVSA are involved. (Here) OFAC published two FAQs 914 and 915 simultaneously. The latter states that non-U.S. persons would not engage in sanctionable activities by engaging in a transaction that was authorized per this General License for a U.S. person. The latter FAQ is about the scope of LNG.

Tuesday, July 13th - The U.S. updated Xinjiang Supply Chain Business Advisory. Please note that there were no sanctions as a result of this update. (Here, press release)

- There was a hint of potential new sanctions against some Georgian officials in the U.S. Department of State press briefing. Whether it will be under Global Magnitsky or a new regime based sanctions remains to be seen. (Here)

Wednesday, July 14th

- France added eight individuals to its list of sanctions targets. (Here)

Thursday, July 15th

- No major development on this day.

Friday, July 16th

- France extended the sanctions against 21 targets for their role in circumventing sanctions imposed by the EU. (Here)

- The U.S. issued an advisory about the risk associated with actions undertaken by the Government of the People’s Republic of China and the Government of the Hong Kong Special Administrative Region (SAR) that could adversely impact U.S. companies that operate in the Hong Kong SAR of the People’s Republic of China. (Here, Department of State fact sheet) At the same time, OFAC added seven names to the SDN list pursuant to its Hong Kong program. (Here)

Recommendations of the week

- This week's recommendation is for a webinar presented by Hughes Hubbard & Reed team about the impact of economic sanctions on respect for human rights. (Here)

- I would also like to recommend an upcoming webinar of the UK government about its export control regime. You can register here.


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