The U.K. on June 26 extended until March 31 its General License under the Russian sanctions regime permitting the continuation of business operations with Evraz's North American subsidiaries.
The U.K.'s Office of Financial Sanctions Implementation on June 20 amended its general license covering humanitarian assistance in Ukraine. OFSI updated the definition of "non-government controlled Ukrainian territory" to include the oblasts of Kherson and Zaporizhzhia. The agency also added nine entities to its "Designated Financial Institution" list: Bank St Petersburg PJSC, Bank Uralsib PJSC, MTS Bank PJSC, Bank Zenit PJSC, Bank DOM.RF, Rosbank PJSC, Tinkoff Bank, Russian Regional Development Bank and PJSC JSCB Metallinvestbank.
The Office of Foreign Assets Control this week published a previously issued general license under its Venezuela Sanctions Regulations. The full text of the license is available in the notice.
The Office of Foreign Assets Control this week sanctioned Myanmar’s Ministry of Defense and two financial institutions that help facilitate foreign currency exchanges within the country and transactions between the military and foreign markets. OFAC said state-owned Myanma Foreign Trade Bank and Myanma Investment and Commercial Bank allow the country’s defense ministry to buy arms and “other materials.”
The Office of Foreign Assets Control published a previously issued general license under its Russian Harmful Foreign Activities Sanctions Regulations. The full text of the license is available in the notice.
The Department of Defense recently released a new set of recommendations designed to speed up military goods exports under its Foreign Military Sales program, an initiative long requested by defense companies. DOD said the recommendations highlight “key FMS pressure points” and are aimed at “breaking historical inefficiencies in the United States' transfer of defense articles and services to foreign allies and partners.”
The Office of Foreign Assets Control this week renewed three General Licenses, which were scheduled to expire June 17, that expand and clarify humanitarian-related exemptions for shipments and activities related to Syria, Iran and Venezuela (see 2106180015 and 2206100030). OFAC also updated a guidance on providing humanitarian aid to combat COVID-19.
The U.K.'s Office of Financial Sanctions Implementation updated two General Licenses under its Russia sanctions regimes, one covering London Court of International Arbitration payments and the other on transactions linked to agricultural commodities, including the provision of insurance and other services.
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The Office of Foreign Assets Control published previously issued general licenses under its Belarus Sanctions Regulations in three separate notices. The full text of each license is available in the notices.