New Updates for 09

Jun 04, 2023

2023-06-09

The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:

BIS renewed its Temporary Denial Order ("TDO") on Belarusian airline Belavia Belarusian Airlines.

The Akin Summary document has now been posted for this action.

On June 5, 2023, the U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC") designated seven individuals and one entity pursuant to Executive Order 14024 that are related to a "Russian intelligence-linked malign influence group" for their role in the Russian Federation's "destabilization campaign and continued malign influence campaigns in Moldova."

The Akin Summary document has now been posted for this action.

On June 5, 2023, the European Union extended the scope of its Russia sanctions regime through Council Regulation (EU) 2023/1089 and Council Decision (CFSP) 2023/1094 to permit the designation of family members of Russian businesspersons. The amendment to Article 3(1)(g) of the Regulation, as well as Articles 1(1)(e) and 2(1)(g) of the Decision, now permits the designation of leading businesspersons operating in Russia and:

The Akin Summary document has now been posted for this action.

On May 31, 2023, the U.S. Department of the Treasury's Office of Foreign Assets Control issued a new Russia-related General License ("GL"), namely GL 69, "Authorizing Certain Debt Securities Servicing Transactions Involving International Investment Bank."

The Akin Summary document has now been posted for this action.

On May 30, 2023, the European Union designated two individuals under Council Implementing Regulation 2023/1046 and Council Decision 2023/1048 due to engaging in activities aimed at destabilizing, undermining, or threatening the sovereignty and independence of Ukraine. The designated individuals include: Aleksandr Kalinin, a politician and leader of the Party of Regions of Moldova; and Grigore Caramalac (a.k.a. Grigory Ivanovich Karamalak), a Russian and Moldovan businessman who exercises control over the IFAVIS foundation (Russian Federation). Both individuals are responsible for providing support to Russian military forces and cooperating with Russian occupation authorities in Ukraine.

Please send an email to [email protected], if you would like information on how to subscribe to access additional detail about these and other sanctions- and export controls-related actions. If you are already a paid subscriber, please login to OverRuled for access to exclusive content, analysis, and historic search functionality.