Canada last week joined other Group of 7 nations in imposing a host of new sanctions and export controls against Russia (see 2406120036 and 2406130017), targeting people and entities involved in Russia-related “disinformation” efforts, companies tied to Russia’s military-industrial complex and entities trying to evade Western sanctions. The country also placed new export restrictions on “computer numerically controlled machine tools” that Russia could use to make weapons, prohibiting people in Canada and Canadians abroad from sending those items to Russia.
The U.K. on June 14 corrected two entries under its Russia sanctions regime, the Office of Financial Sanctions Implementation announced. OFSI added a phone number for the financial services company Central Counterparty National Clearing Centre and corrected the address for LLC Kompaniya AMG.
A group of European countries not in the EU aligned with two recent sanctions decisions from the bloc pertaining to Russia and its war in Ukraine.
The Group of Seven (G7) nations agreed last week at their summit in Apulia, Italy, to use interest from frozen Russian assets to finance about $50 billion in loans to Ukraine.
The EU General Court on June 12 rejected Russian investment fund VEB.RF's application to be removed from the bloc's Russia sanctions regime, according to an unofficial translation. The European Council sanctioned the financial institution for helping undermine the territorial sovereignty of Ukraine and providing material support to "Russian decision-makers responsible for the annexation of Crimea or the destabilization of Eastern Ukraine."
Sergey Nefedov of Anchorage and Mark Shumovich of Bellevue, Washington, were charged June 11 with conducting a scheme to illegally export nearly $500,000 worth of snowmobilers and associated parts from the U.S. to Russia, DOJ announced.
The U.K. on June 13 added 42 entries to its Russia sanctions regime, imposing restrictions on seven individuals and 35 entities, the Office of Financial Sanctions Implementation announced.
Senate Foreign Relations Committee Chairman Sen. Ben Cardin, D-Md., said June 13 that he has made substantial progress in putting together a major China bill since he disclosed several months ago that he was developing such legislation.
The Biden administration announced June 12 that it is taking additional measures to degrade Moscow's war machine, including sanctioning more than 300 entities and people in Russia and other countries and implementing several new export restrictions, including adding five entities and eight addresses to the Entity List.
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