Our extensive knowledge at your fingertips

Economic Sanctions

Over 40 years of articles and reference material

A page dedicated to global, regional, UK and US Sanctions updates

Browse the resource database or make a sub-selection:

Latest editions

Search

Settlement agreement between OFAC and Payward, Inc. (“Kraken”)

OFAC announces $362,158 settlement with virtual currency exchange Payward, Inc (“Kraken”) for violation of Iran sanctions. Due to Kraken’s failure to timely implement appropriate geolocation tools, including an automated internet protocol (IP) address blocking system…

UK Department for Transport amends its transport sanctions Guidance

The Guidance was amended to add guidance on Belarus ship sanctions and expand the guidance on Belarus aircraft sanctions. It sets out the definition of Belarusian ships and Belarusian aircrafts in the context of the prohibitions on such ships and aircrafts…

US Treasury sanctions illicit fentanyl-trafficking

OFAC sanctioned La Nueva Familia Michoacana, the violent drug organization behind the increasing U.S. presence of “rainbow fentanyl” and a variety of other deadly drugs. Fentanyl claimed the lives of more than 71,000 Americans last year. The rainbow fentanyl appears in the form of…

OFAC targets Russian-backed corruption in Guatemala mining sector 

The US Treasury sanctioned one Russian and one Belarusian national for their role in exploiting the Guatemalan mining sector, as well as three associated entities connected with their corruption schemes. These individuals and entities are designated pursuant to…

Economic Sanctions: “Disappointing Old Wine in New Bottles”

Economic sanctions create immediate costs in both the target country and the sanctions-imposing countries. The same sanctions also create great new opportunities for innovations in the medium- and long-term which ought to be considered and turned into profits…

OFSI oil price cap relating to Russian energy products 

The UK and Price Cap Coalition (G7 + Australia) partners have agreed tough and comprehensive sanctions on Russia’s most lucrative export: crude oil and refined oil products. OFSI is collectively banning the import of Russian oil and oil products into our markets…

OFSI publishes its Annual Review 2021/22

OFSI has issued 33 general licences and 42 new and 107 amended specific licences in this period, most in relation to Libya sanctions. It received 642 licence applications in the 1st 6 months of the invasion. OFSI will prioritise licence applications where there are “issues of personal basic…

OFAC sanctions Russian military technology network

US Treasury sanctions Russian military technology procurement network in coordination with law enforcement action.  The designations highlight the U.S. government’s continuing efforts to hinder Russia’s ability to wage its war of aggression in Ukraine, including by ….

G7 agreement on a price cap on Russian oil exports

The agreement broadens the agreed ban to the entire G7, enabling the continued sale of Russian oil on global markets at low prices. The G7 will now work to establish a broad global coalition to finalise the design and level of the price cap and to implement it jointly, to maximise its effectiveness….

Consolidated list of sanctioned entities

This collection from OpenSanctions combines all designated entities from various sanctions lists and represents the broadest set of sanctioned people, companies and other assets that are designated globally. Virtually all sanctions lists are based on the UN Security Council List…

OFAC sanctions virtual currency mixer Tornado Cash

US Treasury sanctions Tornado Cash, a virtual currency mixer that launders the proceeds of cybercrimes, including those committed against victims in the US and has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors…

OFAC Sanctions Russian Elites & Companies

US Treasury imposed a new round of sanctions targeting Kremlin-connected elites, a major multinational company, and a sanctions evasion operation, as well as one yacht. These elites and businesses operate in economic sectors that generate substantial revenue for the Russian…