Sanctions News Archive

European Parliament adopts Resolution on EU actions against the Russian shadow fleets

On 14 November, the European Parliament (EP) adopted a resolution on EU actions against the Russian shadow fleets and ensuring a... MORE

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Sanctions: Updated advisory for the maritime oil industry and related sectors – new sanctions relating to Russia and Iran

The Price Cap Coalition (the G7, European Union (EU) and Australia) has now issued an updated advisory to one issued on 12... MORE

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OFAC updates Syria Shipping Advisory

On 11 September, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an update to the OFAC... MORE

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EU 14th package of sanctions against Russia

Following the approval by the EU of its 14th package of sanctions against Russia, the final text has now been published in the... MORE

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EU agrees on 14th package of sanctions against Russia

Belgium, which holds the rotating EU presidency until 1 July, has announced that ambassadors have agreed to a 14th package of sanctions in... MORE

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UK Sanctions – OFSI launches FAQs and Treasury Select Committee Inquiry

On 1 May, the Office of Financial Sanctions Implementation (OFSI) introduced FAQs as a new form of additional guidance aimed... MORE

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Venezuela sanctions: Wind down of OFAC’s General Licence 44

As reported in our Weekly News article dated 27 October, on 18 October the United States Office of Financial Control (OFAC) issued... MORE

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Sanctions: US Regulators set out obligations of foreign-based persons to comply with US sanctions

On 6 March, the US Department of Justice, the US Department of Commerce and the US Department of the Treasury’s... MORE

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Oil Price Cap: Per Voyage Attestations now required

Following the issuance of the Coalition Statement on Price Cap Rule Updates on 20 December by the Price Cap Coalition, new rules... MORE

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Updates to INTERTANKO Model Sanctions Clauses for Time and Voyage Charters and Explanatory Notes

The INTERTANKO Model Sanctions Clauses for Time and Voyage Charters were first published in January 2023 and updated in January... MORE

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