Last week, we reported that there was some confusion relating to the new Sectoral Sanctions Identifications List inasmuch as OFAC said, in one place, that the prohibitions extended to dealing in equity and 90-day debt “of” and, in another place,…
ABOVE: Russian President Putin Meets with Vnesheconombank Chairman V.A. Dmitriev There is a significant ambiguity relating to the newly-announced Sectoral Sanctions Identifications List (“SSIL”) that we reported on yesterday and which placed Vnesheconombank and Gazprombank, among other Russian businesses, on…
ABOVE: Rosneft Headquarters Moscow UPDATED (7/17/14): Post corrected below to indicate that not every entity on the SSIL is subject to the “new equity” prohibition. Treasury today announced new Russia/Ukraine sanctions. All the sanctioned entities are listed at the end…
Back in the early days of this blog in 2007, we reported on the case of Robert Kraaipoel, a Dutch businessman who was indicted for selling U.S. origin items to Iran, even though Mr. Kraaipoel had never set foot in…
ABOVE: Bashar al-Assad The Office of Foreign Assets Control (“OFAC”) today announced that it had added Pangates International Corporation, Ltd. to its list of Specially Designated National and Blocked Persons (the “SDN List”). The designation is based on Pangates having…