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Last week's major developments in sanctions - March 20th to March 24th, 2023

Updated: Mar 27, 2023

Monday, March 20

  • Australia imposed asset-freezing sanctions on 27 individuals and 15 entities in Iran under the Australian sanction program against Russia for providing Unmanned Armed Vehicles (UAVs) to Russia's military and Australian Magnitsky program for human rights violations. (Russia program designations, Magnitsky program designations)

  • The UK also imposed asset-freezing sanctions against seven individuals in Iran under the UK's Iran sanctions regime. (Here, press release)

  • The EU Council imposed asset-freezing sanctions on eight individuals and one entity responsible for serious human rights violations in Iran. (Here, press release)

Tuesday, March 21

  • OFAC imposed blocking sanctions on four entities and three individuals who were involved in the procurement network for Iranian UAVs under the U.S. non-proliferation sanctions program. (Here, the Department of the Treasury's press release, the Department of State's press release) Department of Justice also published a press release regarding an indictment that was unsealed against some of the newly sanctioned persons. (Here)

  • OFSI rolled out its trust services sanctions against Russia. In doing so, OFSI published a new page on its website dedicated to trust services sanctions, amended its sanctions list to indicate the applicability of trust services sanctions to hundreds of entries, updated its Russia guidance, and issued general license INT/2023/2589788 to allow certain wind-down activities.

Wednesday, March 22

  • There was no major development on this day.

Thursday, March 23

  • The UK Export Control Joint Unit published a notice to the exporters concerning the new regulations, the Export Control (Military and Dual-Use Lists) (Amendment) Regulations 2023, which will come into force on 31 March 2023. (Here)

  • The Department of State imposed travel restrictions (a type of sanction) on three individuals in Paraguay and their immediate family members for their involvement in significant corruption under Section 7031(c) of the annual Department of State, Foreign Operations, and Related Programs Appropriations Act. (Here)

Friday, March 24

The Recommendation of the Week


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