The U.K.’s Office of Financial Sanctions Implementation this week amended a listing under its Russia restrictions list. The agency revised the listing for Vladimir Olegovich Potanin to show that he is sanctioned for conducting business in the Russian financial services and extractives sectors.
The U.K. on Feb. 12 added four Israeli citizens to its Global Human Rights sanctions regime. The Office of Financial Sanctions Implementation added Zvi Bar Yosef, Ely Federman, Yinon Levy and Moshe Sharvit for committing human rights abuses against Palestinian individuals in the West Bank.
Upcoming know-your-customer rules for U.S. cloud service providers come with a new set of compliance risks, with providers potentially facing lability not just from the Commerce Department but also from U.S. sanctions authorities, Sidley Austin said in a client alert this month.
DOJ this week completed the forfeiture of a U.S.-origin Boeing 747 after a monthslong effort to seize the plane from Mahan Air, a sanctioned Iranian airline.
Kristina Puzyreva, a Russian and Canadian national, pleaded guilty on Feb. 12 to conspiracy to commit money laundering for her role in a scheme to export unnamed aerial vehicle parts, guided missile system components and other weapons to sanctioned Russian entities, the U.S. Attorney's Office for the Eastern District of New York announced. She faces up to 20 years in prison.
Rep. Mike Gallagher, R-Wis., chairman of the House Select Committee on China, announced Feb. 10 that he won't run for re-election this year. Gallagher said it is time for him to return to private life after serving four terms in the House. As the committee's top Republican, Gallagher led probes on a range of China trade issues, including a report in December that called on the U.S. to impose stronger export controls against China (see 2312120050) and revoke the country's permanent normal trade relations status (see 2312120004).
Exporters and industry groups warned the Bureau of Industry and Security this month about placing new eligibility restrictions on License Exception Strategic Trade Authorization (STA) for several technologies critical to their businesses, saying that could disrupt their supply chains and saddle the agency with an influx of license requests. At least one company urged BIS to launch what it said is a much-needed review of its space-related export controls, which could benefit from the license exception but that haven’t been overhauled since 2017.
Exporters are reporting container costs changing from week to week due to attacks by Houthi rebels on commercial cargo ships moving through the Red Sea, said Eric Bartsch, the secretary of the USA Dry Pea & Lentil Council and the American Pulse Association. Bartsch, speaking during a Feb. 7 Federal Maritime Commission hearing on Red Sea shipping disruptions (see 2402070078), said many of pea, lentil and pulse exporters are small businesses, and 65% of their crops are exported.
The U.K. will allow a general license involving the price cap on Russian oil to expire later this month, according to the Office of Financial Sanctions Implementation. The license, set to expire Feb. 18, authorizes the supply or delivery by ship of Russian crude oil and oil products below the $60 per barrel price cap. The U.K. didn't provide more information.
The EU General Court on Feb. 7 dismissed sanctions removal applications from Russians Alisher Usmanov and Igor Shuvalov, according to an unofficial translation.