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Sanctions Profile: Cyber-Attacks
At a glance
The EU adopted Council Regulation (EU) 2019/796 and Council Decision (CFSP) 2019/797 in May 2019 to establish a new sanctions regime to deter and respond to malicious cyber activities on EU member states, third states and international organisations.
The UK adopted The Cyber (Sanctions) (EU Exit) Regulations 2020 in January 2021 to further the prevention of cyber activity that undermines the integrity, prosperity or security of the UK, causes economic loss, undermines the effective functioning of international organisations or NGOs, or affects a significant number of persons in an indiscriminate manner.
News
OFAC lists virtual currency exchange & issues ransomware advisory
SUEX OTC, S.R.O., a virtual currency exchange, has been sanctioned by the US Treasury’s Office of Foreign Assets Control (OFAC) for “facilitating financial transactions for ransomware attacks”, pursuant to Executive Order 13694 (cyber sanctions). It is the first time a virtual currency exchange has been designated by the US. OFAC Press Release and Notice. OFAC has also issued its ‘Updated …
Sanction regimes renewed, third countries align with EU sanctions & Kingpin Act designations
Over the past month, multiple sanctions regimes have been renewed around the world: The US renewed its regime in respect of Yemen for 1 year by continuing the national emergency as declared; The EU adopted: Council Decision (CFSP) 2021/796, which renewed its cyber-attacks sanctions regime until 18 May 2022; and Council Implementing Regulation (EU) 2021/848 and Council Decision (CFSP) 2021/855, …
Yemen 
Cyber-Attacks 
Syria 
South Sudan 
Libya 
Russia 
Terrorism
US renews 4 sanctions regimes for 1 year
In March 2021, the US renewed its sanctions regimes in respect of Zimbabwe, South Sudan, Iran and malicious cyber activities. Those sanctions have been renewed for 1 year by continuing the national emergencies declared in the Executive Orders that introduced and amended the respective regimes.
Iran
Zimbabwe
Third countries align with EU sanctions on Venezuela & cyber-attacks
In November, the EU Council adopted: Decision (CFSP) 2020/1700, which renewed sanctions concerning Venezuela for 1 year; and Decision (CFSP) 2020/1748, which updated the identifying information of two people listed under the EU’s cyber-attacks sanctions regime. North Macedonia, Montenegro, Albania, Iceland, Norway, Ukraine and Georgia have aligned themselves with both decisions. Moldova and Liechtenstein have aligned themselves with the Venezuela …
Venezuela
Third countries align with EU Nicaragua and cyber-attacks sanctions
In October 2020, the EU Council adopted: Decision (CFSP) 2020/1467, which renewed sanctions in respect of Nicaragua for 1 year; and Decision (CFSP) 2020/1537, which designated 2 Russian nationals and 1 entity for their involvement in the 2015 cyber-attack on the German Parliament. North Macedonia, Montenegro, Albania, Iceland, Norway, Ukraine and Georgia have aligned themselves with both decisions. Bosnia and …
NicaraguaCurrent Sanctions
Consolidated
Council Regulation (EU) 2019/796
Parent Regulation
Council Regulation (EU) 2019/796
Amended by:
Council Implementing Regulation (EU) 2020/1124
Council Implementing Regulation (EU) 2020/1536
Consolidated
Council Decision (CFSP) 2019/797
Parent Regulation
Council Decision (CFSP) 2019/797
Amended by: