The recording of our de-listing webinar, “Coming off sanctions lists: de-listing by courts & governments – discussion of UK, EU, and US approaches”, is now available on the media: seminars & webinars section of this site. Speakers were: Andrew Adams: (Partner, Steptoe, and former Director of the Department of Justice Task Force KleptoCapture) Erich Ferrari (Founder […] The post Recording of de-listing webinar available appeared first on Global Sanctions ..read more

Ambassadors from the 27 EU member states have agreed to seize €3 billion in profits arising from the Russian Central Bank’s €190 billion worth of assets frozen in Belgium-based central securities depository, Euroclear. 90% of the profits will be used for military aid for Ukraine and 10% will support reconstruction.  Ministers must approve a legal text […] The post EU countries plan to seize $3bn in profits from Russian Central Bank assets appeared first on Global Sanctions ..read more

The UK government has hosted a US government delegation for the 2nd UK-US Strategic Sanctions Dialogue.  A joint statement reaffirms the shared commitment to sanctions and export controls as essential tools of national security policy. The inaugural Dialogue was held in July 2023 in Washington DC (previous post).  The Dialogues deliver on the 2023 Atlantic Declaration for […] The post 2nd UK-US Strategic Sanctions Dialogue held in London appeared first on Global Sanctions ..read more

Closed material procedures (CMPs) are procedures in which parties are excluded from viewing national security sensitive material; the material is reviewed instead by security-cleared special advocates who represent the excluded parties.  CMPs can be used in sanctions cases under the Sanctions and Money Laundering Act (SAMLA) (previous post, previous post). 25 special advocates have informed the […] The post Closed material procedures in UK sanctions cases – 25 special advocates decline new appointments due to defects in system appeared first on Global Sanctions ..read more

Lithuania, Latvia, Estonia, Poland, and Finland have signed an agreement on uniform controls for the implementation of sanctions (Lithuania press release, report). The 5 customs authorities will apply common measures including the requirement of additional documentation concerning the transit or the end use of goods and the requirement of additional declarations from manufacturers and exporters […] The post Baltics, Poland, & Finland agree on uniform implementation of EU Russia sanctions & export controls appeared first on Global Sanctions ..read more

OFSI has amended 3 Russia listings: Said Gutseriev’s listing was updated to add further companies of which Gutseriev is a director, manager, or owner; Sarvar Ismailov’s listing was updated to add further ID information; and Svetlana Krivonogikh’s listing was updated to add further ID information. The post OFSI amends 3 Russia listings appeared first on Global Sanctions ..read more

The General Court of the EU has dismissed the de-listing application of Gulbakhor Ismailova (Case T-234/22). Ms Ismailova was designated by the EU in April 2022 for being the sister of Alisher Usmanov and receiving assets from him, including a beneficial interest in the yacht “Dilbar” via the “Sister Trust” and she has been linked […] The post EU court rejects Russia de-listing application of Alisher Usmanov’s sister appeared first on Global Sanctions ..read more

The EU has amended the listing for Sanaullah Ghafari, leader of ISIL-K, adding further ID information. The candidate countries North Macedonia, Montenegro, Albania, Ukraine, Moldova, Bosnia and Herzegovina, and the EFTA countries Iceland, Liechtenstein and Norway have aligned themselves with the EU’s de-listing of Arvan Cloud from its Iran sanctions list and amendment of 17 […] The post EU amends ISIL listing & Non-EU countries align with EU Iran & Hamas sanctions appeared first on Global Sanctions ..read more

The UK (notice), US (notice), and Australia have designated Russian national Dmitry Khoroshev who has been identified as one of the leaders of LockBit, a ransomware group which is said to be responsible for extorting over $1 billion from victims globally. The US DOJ unsealed charges against Khoroshev for conspiracy to commit fraud, extortion and […] The post UK, US, & Australia designate Russian cyber-crime group leader appeared first on Global Sanctions ..read more

The UK House of Commons Treasury Committee is holding an inquiry into whether the UK’s sanctions against Russia are working (inquiry page). Evidence so far from Tom Keatinge (RUSI), Ben Cowdock (Transparency International) and Natalia Kubesch (Redress) (transcript, recording of meeting). They discussed sanctioning “enablers” including maritime insurers breaching the oil price cap, the use […] The post UK Treasury Committee inquiry on whether Russia sanctions working appeared first on Global Sanctions ..read more