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Last Week's Major Developments in Sanctions - May 26th, 2025, to May 30th, 2025

  • Writer: Christopher Roth
    Christopher Roth
  • Jun 3
  • 2 min read
You can now listen to the audio version of our weekly sanctions updates here.

Monday, May 26

  • France imposed asset-freezing sanctions on one individual under its autonomous counter-terrorism sanctions program. (Here)

  • The EU Council extended Decision (CFSP) 2024/1484 concerning restrictive measures in view of the situation in Russia, which, among other things,  provided grounds for freezing assets of human rights abusers in Russia for another year until 28 May 2026. (Here) 


Tuesday, May 27

  • The EU Council took further steps in removing sanctions against Syria. Specifically, the EU Council adopted Decision 2013/255/CFSP, which removed most of sanctions on Syria, with the exception of those based on security grounds and limited the grounds for designations under this regime to those close to the Assad regime. (Here) The Council also added two individuals and three entities to the list of sanctioned persons under the EU global human rights sanctions regime due to their role in recent violence in Syria’s coastal region. (Here, and press release) 

  • OFSI removed five names from the list of persons subject to the UK’s asset-freezing sanctions under the UK’s Zimbabwe sanctions regime. (Here, and press release) 


Wednesday, May 28 

  • OFAC provided more guidance about its Syria sanctions relaxation by publishing a Fact Sheet titled, Frequently Asked Questions for Syria General License 25 - Authorizing Transactions Prohibited by the Syrian Sanctions Regulations or Involving Certain Blocked Persons.’. (Here, and the Fact Sheet) 

  • OFAC removed eight names, which were designated under different authorities,  from the SDN list. (Here)


Thursday, May 29

  • OFAC imposed blocking sanctions against one entity, Philippines-based Funnull Technology Inc., and one individual, Funnull’s administrator, for providing the infrastructure that enables virtual currency scams, commonly referred to as ‘pig butchering’ scams. Funnull’s activities have resulted in over $200 million in U.S. victim reported losses. Sanctions imposed under Executive Order 13694. (Here, and the Department of the Treasury press release, and the Department of State press release)

  • The Multilateral Sanctions Monitoring Team (MSMT) released its first report on the unlawful military cooperation between Russia and North Korea. The report identified an increase in military, political, and economic cooperation between the two countries including a “myriad of unlawful activities explicitly prohibited under relevant UNSCRs.” The MSMT was established by the governments of Australia, Canada, France, Germany, Italy, Japan, the Netherlands, New Zealand, the Republic of Korea, the United Kingdom, and the United States to close the monitoring gap that arose through the disbandment of the UN Security Council’s 1718 Committee Panel of Experts in April 2024. (Here is the full Report, and the Department of State press release)


Friday, May 30

  • There was no major development on this day.


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