The U.K. on May 1 amended one entry under its Russia sanctions regime, the Office of Financial Sanctions Implementation announced. OFSI updated the listing of Albert Shigabutdinov to reflect that he's a director of the TAIF Group, a firm operating in the Russian energy, financial services and communications sectors.
The EU this week updated its guidance about what types of Russia-related services are prohibited or exempt by sanctions. One new FAQ says EU nationals aren't necessarily barred from working for a Russian company as long as they aren't providing any of the EU's "listed" restricted services or software to the Russian government. "EU persons can still provide all services that are not prohibited in their capacity as employees," the guidance said.
The U.K. issued a new version of a Russia-related legal services general license to reset the cap on fees that can be paid to British law firms by parties subject to Russia-related sanctions. The legal fees cap is set at about $2.68 million (or 2 million pounds) per law firm and the expenses cap at 10% of the legal fees, up to about $268,000 (or 200,000 pounds), for the duration of the license. The license takes effect April 29 and expires Oct. 28. The previous license expired April 28 (see 2410290017).
Japanese lawmakers this week urged the Trump administration to continue engaging with allies on economic security issues and to not close off America from Japanese investment, saying Japanese companies will help grow American exports and reduce the U.S. trade deficit.
The leaders of the Senate Foreign Relations Committee urged the Trump administration April 21 to give Syria additional sanctions relief to help stabilize the war-torn country.
Regular and broadly inclusive communication within a multinational company is key to having a successful export control program, two compliance experts said April 17 during a webinar hosted by professional services firm BDO.
House Select Committee on China Chairman Rep. John Moolenaar, R-Mich., and Rep. Jimmy Panetta, D-Calif., reintroduced a bill April 14 that could lead to additional sanctions on China for supporting Russia’s invasion of Ukraine.
House Foreign Affairs Committee ranking member Gregory Meeks, D-N.Y., and former House Majority Leader Steny Hoyer, D-Md., introduced a bill April 14 that would increase sanctions and export controls on Russia over its invasion of Ukraine.
The U.K. on April 14 added two entries to its Iran sanctions regime and amended entries under its Russia and global anti-corruption sanctions lists. Under the Iran sanctions regime, the Office of Financial Sanctions Implementation listed Rawa Majid and the Foxtrot Network. OFSI amended the entries for Paramount Energy & Commodities and its owner, Niels Oscar Troost. Under the global anti-corruption list, OFSI corrected the listing of Moldovan national Marina Tauber.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.