Switzerland implemented the EU's 13th sanctions package on Russia, the Federal Department of Economic Affairs, Education and Research announced March 1. Switzerland levied sanctions on an additional 106 individuals and 88 entities, as the EU did in late February (see 2402230020). The European nation also imposed additional trade sanctions on Russia, adding 27 entities to the export ban on dual-use goods and goods that may enhance Russia's military.

The U.K.'s Office of Financial Sanctions Implementation on March 4 published a trade and export guide on doing business in Iran to support "sanctions-compliant trade" with the country. The guidance outlines export opportunities in the agriculture, healthcare, and food and drink industries along with the risks of doing business in Iran and the Iranian legal system. OFSI also summarized its current sanctions on Iran, which include trade sanctions on military goods, nuclear and missile-related goods and more.

The U.K. this week removed sanctions from Igor Viktorovich Makarov, who was originally designated for his ties to companies in Russia’s energy sector. The U.K.’s Office of Financial Sanctions Implementation said Makarov was a director or involved with Reywood Holdings Limited (formerly ARETI International Group), Vikay Industrial Limited and Selaco Limited, all of which do business “in a sector of strategic significance to the Government of Russia.” OFSI didn’t say why it delisted Makarov.

The U.K. corrected one entry under its Russia sanctions regime and one under its ISIL (Da'esh) and al-Qaida restrictions list, in a pair of March 1 notices. Under the Russia regime, the Office of Financial Sanctions Implementation corrected the national identification number for Vladimir Vladimirovich Mikheychik, general director of 224th Flight Unit State Airlines. Under the ISIL regime, OFSI added the U.N. reference number for Khatiba Al-Tawhid Wal-Jihad (KTJ), a terrorist organization under the Al-Nusrah Front for the People of the Levant.

The EU should create a new legal regime to allow European countries to seize frozen Russian assets and use those assets to help rebuild Ukraine, the European Parliament said in a resolution last week. The resolution, which passed 451-46 with 49 abstentions, "underlines" that Russia “must be obliged to pay reparations” to Ukraine. The idea also has support from U.S. Treasury Secretary Janet Yellen 2402270043).

An British court of appeals declined to hear one appeal, and found in favor of the government in another, in cases regarding U.K. sanctions on Russia following its invasion of Ukraine.

EU member countries this week couldn't agree to new rules requiring companies to conduct specific due diligence on their supply chains to address various environmental and social concerns, including forced labor risks (see 2312150057) and 2202230073).

The U.K. issued a new general license under its Russia sanctions regime authorizing certain payments by people who "owe monies to a designated person as a result of a Court Order." The license took effect Feb. 29.

The EU General Court last week rejected Belarusian nitrogen compound producer Grodno Azot's application for delisting from the EU's sanctions regime on Belarus.

The European Council extended until Feb. 28, 2025, its sanctions regime on Belarus for its support of Russia's invasion of Ukraine. The one-year extension was made as part of an annual review of the sanctions on Belarus, the council said Feb. 26. The restrictions include an asset freeze on 233 people and 37 entities, along with sectoral restrictions on the financial sector, trade, trade in dual-use goods and technology, and more.