In February 2019, the EU adopted: · Council Decision (CFSP) 2019/325 which extended EU sanctions against Belarus for 1 year until 28 February 2019, and comprised an arms embargo, asset freezing measures and travel ban against 4 individuals (see previous post); and · Council Decision (CFSP) 2019/271 which added one individual to its ISIL and […]
The UK Government has published regulations under the Sanctions and Anti-Money Laundering Act 2018 on Belarus and Zimbabwe, which will come into force if the UK leaves the European Union. Guidance here. · Belarus (Sanctions) (EU Exit) Regulations 2019 SI 2019/600. Explanatory Memorandum. · Zimbabwe (Sanctions) (EU Exit) Regulations 2019 SI 2019/604. Explanatory Memorandum.
Today (26 February), the EU prolonged its Belarus sanctions for 1 year, until 28 February 2020. The measures consist of an arms embargo and targeted asset freezes and travel bans against 4 people designated in connection with the “unresolved disappearances of two opposition politicians, one businessman and one journalist in 1999 and in 2000”. See Council […]
Missouri-based holding company Zoltek Companies Inc, which owns US-based Zoltek Corporation and Hungary-based Zoltek Vegyipari ZRT, has agreed to pay $7,772,102 to OFAC for violating US sanctions on Belarus. Specifically, between January 2012 and October 2015, Zoltek Corporation approved 26 purchases of acrylonitrile, a chemical used in the production of carbon fibre, between Zoltek Vegyipari […]
Today, OFAC issued General Licence No 2F, which extends for 1 year the sanctions relief for 9 Belarusian entities until 25 October 2019. Subject to the restrictions set out in the licence, all transactions otherwise prohibited by Executive Order 13405 involving the 9 Belarusian entities, or any entities that are owned, individually or in the aggregate, directly or indirectly, […]