The current global sanctions environment — the new normal for Swiss companies: This was the topic of a Russia-focused seminar with members of Baker McKenzie’s global sanctions and investigations team, on 7 February 2023.
On November 28, 2015 President Putin signed Decree No. 583 “On Measures to Ensure State Security and Protection of Russian Citizens from Criminal and Other Unlawful Actions and on Application of Special Economic Measures in relation to the Republic of Turkey”
On November 12, 2015, President Barack Obama issued Executive Order 13710 ending sanctions related to the Republic of Liberia originally put in place in 2004. On November 23, 2015, President Obama issued an Executive Order imposing sanctions related to the Republic of Burundi primarily due to “the killing of and violence against civilians, unrest, the incitement of imminent violence, and significant political repression” occurring in Burundi
On September 21, 2015, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. Commerce Department’s Bureau of Industry and Security (“BIS”) introduced a second round of amendments (the “September Amendments”) to the Cuban Assets Control Regulations (“CACR”) and the Export Administration Regulations (“EAR”) in a continuing…
On 21 October 2015 the Federal Council of Switzerland announced that it would also ease its sanctions measures on Implementation Day, in line with the UN and the EU.
On 18 October 2015, Iran’s Foreign Minister and the EU Foreign Policy Chief issued a joint statement announcing the official adoption of the “Joint Comprehensive Plan of Action” between Iran and the EU/E3+3 (China, the EU, France, Germany, Russia, the UK and the USA).
The U.S. Treasury Department’s Office of Foreign Assets Control and the U.S. Commerce Department’s Bureau of Industry and Security announced amendments to the Cuban Assets Control Regulations and the Export Administration Regulations in a continuing effort to relax certain aspects of the U.S. embargo against Cuba.
On 14 July 2015, Iran and the EU/E3+3 (China, France, Germany, the Russian Federation, the United Kingdom, the United States, and the European Union) announced that they had agreed on a Joint Comprehensive Plan of Action (“JCPOA” or “Agreement”) regarding the lifting of sanctions currently imposed against Iran. If fully…
On May 18, 2015, the U.S. Commerce Department’s Bureau of Industry and Security (“BIS”) issued additional guidance on due diligence measures that U.S. exporters should take to prevent unauthorized exports to Russia of items (i.e., goods, software, technology) subject to the Export Administration Regulations, 15 C.F.R. Part 730 et seq.…