By Maya Lester KC & Michael O’Kane

OFAC updates US offshore oil sanctions on Russia

In accordance with section 223(d) of the Countering America’s Adversaries Through Sanctions Act (CAATSA), the US Office of Foreign Assets Control has amended Ukraine/Russia-Related Directive 4. Under the Directive, unless licenced or authorised by OFAC, the following activities by a US person or within the US are prohibited: “the provision, exportation, or reexportation, directly or indirectly, of goods, services (except for financial…...

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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