Saturday 23 January 2021 | About Us | Contact Us | Register for free email alerts Subscribe for full access Login
The EU adopted Council Regulation (EU) 2019/1890 and Council Decision (CFSP) 2019/1894 to establish a new sanctions regime in November 2019 in response to Turkey’s oil and gas drilling activities in the Eastern Mediterranean sea.
The UK government has published The Libya (Sanctions) (EU Exit) Regulations 2020 (SI 2020/1665), which replace the EU sanctions regime relating to Libya. The UK has also issued guidance on the regulations, which includes information on asset freezes, partial asset freezes, interest, oil aboard UN-designated ships, and ownership and control. See explanatory memorandum, and reports under section 2(4) of the …
The UK has published The Unauthorised Drilling Activities in the Eastern Mediterranean (Sanctions) (EU Exit) Regulations 2020 (SI 2020/1474), which will revoke and replace the current regulations giving effect to the EU’s sanctions regime concerning Turkey’s unauthorised hydrocarbon exploration activities in the Eastern Mediterranean. The regulations will come into effect at the end of the transition period, at 11pm on …
The US Congress has approved the National Defence Authorisation Act for Fiscal Year 2021 (NDAA), which contains sanctions provisions relating to Turkey, Nord Stream 2, and China. The Act will now be passed to President Trump for approval. Turkey Section 1241 of the NDAA would require the President to impose mandatory sanctions (at least 5 out of 12 measures provided …
In November 2020, the EU Council adopted: Decision (CFSP) 2020/1651, which added 8 newly appointed ministers to the EU’s Syria sanctions regime; and Decision (CFSP) 2020/1657, which renewed the existing sanctions targeting Turkey’s unauthorised drilling activities in the Eastern Mediterranean for 1 year. North Macedonia, Montenegro, Serbia, Albania, and Iceland have aligned themselves with both decisions, and Liechtenstein, Norway, Ukraine, …
OFAC has announced the introduction of the new Non-SDN Menu Based Sanctions List (NS-MBS List). Guidance here. People/entities will be added to the list if they have not been made subject to asset blocking measures, but will be subject to a “menu” of non-blocking sanctions under other statutory authorities, such as those set out in s. 235 of the Countering …
Amended by:
Amended by: