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Last week's major developments in sanctions - March 18th, 2024, to March 22nd, 2024

Monday, March 18
  • There was no major update on this day.

Tuesday, March 19
  • There was no major update on this day.

Wednesday, March 20
Thursday, March 21
  • BIS published a major final rule that cleans up several provisions of the Export Administration Regulations and adds new restrictions. Notably, the new rule imposes license requirements for export, re-export, or in-country transfers of items subject to EAR to SDNs designated under 11 sanctions programs administered by OFAC. The 11 authorities are either related to Russia sanctions or counter-narcotics sanctions. (Note that SDN designated under counter-terrorism and NPWMD programs were already subject to this BIS restriction.) (Final Rule)

  • OFAC imposed blocking sanctions against Nicaragua’s Attorney General for her role in supporting the oppression of peaceful opposition members in Nicaragua.  (Here, Department of Treasury press releaseDepartment of State press release)

Friday, March 22
  • The EU Council imposed asset-freezing sanctions against 33 persons and two entities linked to the sudden death of Alexei Navalny. (Decision, press release)

  • OFAC imposed blocking sanctions against 15 Sinaloa Cartel members and six entities under its counter-narcotics sanctions program. (Here, Department of Treasury press release)

Recommendation for the week


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