Former Deputy Secretary of State Kurt Campbell, who worked on key sanctions and defense trade issues during the Biden administration, has joined Georgetown University's School of Foreign Service as a distinguished fellow in diplomacy, the school announced this week. Campbell helped oversee U.S. efforts to reduce defense trade restrictions with Australia and the U.K. under the AUKUS partnership (see 2404030050 and 2409180025) and testified before Congress about the administration's efforts to counter China’s support for Russia’s defense industrial base (see 2407300033).
The Trump administration is working on plans to possibly give Russia sanctions relief as the U.S. works to negotiate an end to Moscow’s war with Ukraine, Reuters reported March 3. The White House ordered the State and Treasury departments to draft a list of sanctions that could be “eased,” the report said, and that U.S. officials could use to discuss with Russian representatives in talks with Moscow in the coming days. The agencies are writing a proposal to lift sanctions on “select entities and individuals, including some Russian oligarchs,” the report said. The White House didn’t immediately respond to a request for comment.
The EU General Court on Feb. 26 rejected the sanctions delisting application of Aleksandra Melnichenko, wife of sanctioned Russian billionaire Andrey Melnichenko.
The U.K. corrected one entry on its Russia sanctions list and amended one entry on its Global Anti-Corruption sanctions list, the Office of Financial Sanctions Implementation said. Under Russia, OFSI corrected the listing for OJSC Keremet Bank, changing the ZIP code for the bank in Kyrgyzstan. Under the anti-corruption regime, the agency amended the listing for Teodoro Nguema Obiang Mangue to reflect that Mangue was listed for engaging in bribery while serving as vice president of Equatorial Guinea.
The U.K.’s latest package of Russia sanctions (see 2502240056) featured the country’s first use of recently expanded designation powers that have “secondary sanctions-like effects,” Steptoe said in a client alert. The powers -- which allow the U.K. government to designate people and entities for providing financial services, making funds available to or facilitating other activities of certain parties with ties to Russia -- were used to target Kyrgyzstan-based OJSC Keremet Bank, which was accused of providing financial services to people in the Russian financial sector. The designation means U.K. credit and financial institutions are blocked from “establishing or continuing correspondent banking relationships” or processing payments with Keremet.
Instead of prematurely lifting sanctions against Russia, the U.S. should look to close sanctions loopholes, double down on enforcement and continue coordinating the restrictions with allies, Charles Lichfield, deputy director of the Atlantic Council’s GeoEconomics Center, said in an analysis published by the think tank this week.
The U.K. removed one entry from its Russia sanctions list on Feb. 26, the Office of Financial Sanctions Implementation said in a notice. Francois Mauron, a Swiss national, was removed after originally being sanctioned for working as a director for an entity conducting business in the Russian energy sector.
Australia this week issued another round of Russia-related sanctions, following similar moves by the EU, the U.K. and Canada to mark three years since Russia’s invasion of Ukraine.
The U.K. has seen a steady uptick in the number of new criminal investigations on sanctions and export control violations over the last three years, with most having a Russia connection, the country’s trade enforcement agency said. The agency during that time has worked to strengthen its “capabilities for detecting and responding to sanctions breaches,” including by hiring 40 more criminal investigators and devoting more funding toward gathering “intelligence” on industry’s sanctions compliance efforts.
The U.K. updated its Russia-related export control and sanctions guidance this week to provide more information on license requirements for common high-priority list items destined for Russia.