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Sanctions Profile: European Union
News
Negotiations on new EU export regime on dual-use goods
The EU Council has announced plans to modernise the current EU regime “for the control of exports, transfer, brokering, technical assistance and transit of dual-use items”. The objective is to strengthen domestic controls to prevent the proliferation of weapons of mass destruction and their means of delivery. EU Council Press Release. The EU Council now […]
European Union
US warns of sanctions on INSTEX
The Trump administration has warned that if INSTEX becomes operational (on which see previous blog), the USA may impose secondary sanctions (preventing access to the US financial system) on anyone associated with it. Sigal Mandelker, the Treasury Department’s Undersecretary for Terrorism and Financial Intelligence, wrote to INSTEX President Per Fischer on 7 May 2019, stating […]
UK updates start date of OGEL to 12 April 2019
In February, we reported that the UK Department for International Trade has published a new Open General Export Licence: export of dual-use items to EU member states (see post). The licence has been amended and now stipulates that if the UK leaves the EU without a deal, the export of dual-use items requires an OGEL […]
President Trump gives EU companies sanctions warning over Iran
In an interview with Fox News yesterday (1 July 2018), US President Donald Trump stated that European companies would face secondary sanctions if they continued to do business with Iran in violation of US sanctions (which were being re-imposed in light of the US decision to withdraw from the JCPOA). President Trump also said that...
Iran
President Putin signs Russian counter-sanctions into law
President Putin has now signed Russian counter-measures into law. These measures, as previously reported, provide for counter-sanctions including restrictions on the import into Russia of products and/or raw materials originating from the USA and other foreign states, and on the export from Russia of products to foreign citizens. The legislation gives President Putin the power...
United States