Monday, May 24th
- Following the forced landing of a Ryanair flight in Minsk, Belarus, over the weekend the European Union reacted with threat of additional sanctions. The European Council invited the Council of the EU to add more targets to the Belarus regime and to introduce new restrictive measures. Additionally, it called on all EU-based carriers to avoid overflight of Belarus. Furthermore, it called on the Council of EU to adopt the necessary measures to ban overflight of EU airspace by Belarusian airlines and prevent access to EU airports of flights operated by such airlines. The two latter measures, even though less common, are a type of sanctions. (Here)
Tuesday, May 25th - In an export control-related matter, an individual was sentenced to 2 years in prison for exporting dual use items to Ukraine without appropriate licenses. (Here)
Wednesday, May 26th
- No major development on this day.
Thursday, May 27th
- France added seven individuals to its list of sanctions targets and extended the designation period for two entities and an individual. (Here)
- Foreign ministers of G7 countries issued a statement regarding the situation in Belarus in which they stated they would enhance their countries' efforts, including through further sanctions as appropriate, to promote accountability for the actions of the Belarusian authorities. (Here)
- In an administrative move, the Council of the EU extended the Syria sanctions regimes of the EU for another year until June 1, 2022. (Here)
- Following the court victory of Xiaomi which was previously listed as CCMC, OFAC deleted one FAQ and published a new FAQ clarifying there are no restrictions in place with respect to the securities issued by Xiaomi Corporation . (Here)
Friday, May 28th
- OFAC issued Burma Sanctions Regulations, 31 CFR Part 525, to implement Executive Order 14014. (Here)
- An individual in Las Vegas was indicted by a federal grand jury for conspiracy to export goods from the U.S. to Iran. She was involved in exporting electronic and computer components from the U.S. to Iran through Hong Kong. (Here)
- In a less common type of action, the U.S. Secretary of Homeland Security announced that U.S. Customs and Border Protection issued a Withhold Release Order against Dalian Ocean Fishing Co., Ltd. based on information that reasonably indicates the use of forced labor in the entity’s fishing operations. The authority for such prohibition stems from 19 U.S.C. 1307. (Here)
Recommendation of the week
- This week's recommendation is a great podcast called EMBARGOED. In the latest episode you can hear about Nord Stream 2 sanctions, JCPOA, Communist Chinese Military Companies sanctions. Feel free to check out the previous episodes too as it touches on many interesting topics. (Here)
- I have another special recommendation for this week and that is the first issue of Financial Institutions Sanctions Compliance (FISC). This is a truly informative journal dedicated to sanctions. The first issue is available as a free sample. To request a copy please email: email@example.com and they will send you a copy.
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