On 30 June 2023, the Dutch government announced supplemental controls for exports of certain advanced semiconductor production equipment from the Netherlands. These controls will enter into force on 1 September 2023.
On 14 June 2023, the US Treasury Department’s Office of Foreign Assets Control published a Fact Sheet providing a helpful consolidated summary of the various existing exemptions, exceptions, and authorizations relating to the provision of humanitarian assistance that are available under certain US sanctions programs to respond to the COVID-19 pandemic. The Fact Sheet is informational only and does not supersede any legal obligations or create new, or modify existing, exemptions, exceptions, or authorizations.
Baker McKenzie’s Sanctions Blog published the alert titled Blog Series: Sanctions Enforcement Around the World, the Spanish Perspective on 14 June 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Blog Series: Sanctions Enforcement Around the World, the Dutch Perspective on 24 May 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 27 April 2023, the US Department of State designated Russia’s Federal Security Service and Iran’s Islamic Revolutionary Guard Corps Intelligence Organization pursuant to Executive Order 14078 (Bolstering Efforts to Bring Hostages and Wrongfully Detained United States Nationals Home), with the result that Iran’s Islamic Revolutionary Guard Corps Intelligence Organization has been added to the Specially Designated Nationals and Blocked Persons List.
On 21 February 2023, the US Department of the Treasury’s Office of Foreign Assets Control issued OFAC Compliance Communique: Guidance on Authorized Transactions Related to Earthquake Relief Efforts in Syria. The Guidance responds to specific questions OFAC received related to earthquake relief efforts in Syria and explains how to provide humanitarian assistance to the Syrian people in compliance with US sanctions.