The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 08 Jan 2025 (UK):
The Office of Financial Sanctions Implementation ("OFSI") amended UK General Licence INT/2022/1280876 (the "GL") by adding Permission 5.3A. The amended GL prohibits distributions being made on any claims by VTB Bank PJSC ("VTB") or a Transferee (as defined therein) under the GL without first deducting the value of any assets of VTB Capital plc, which have been or are subject to enforcement action by VTB, and the VTB Group Receivables (as defined therein).
- 02 Jan 2025 (BIS):
The Department of Commerce's Bureau of Industry and Security ("BIS") published its annual Year in Review, which highlights the Office of Export Enforcement's accomplishments over 2024. These include a number of civil and criminal enforcement actions related to Russian, Chinese, Iranian, and North Korean illicit procurement networks.
The OverRuled: China Trade Controls Resource Center has been updated with the following actions:
- 02 Jan 2025 (BIS):
The Department of Commerce's Bureau of Industry and Security ("BIS") published its annual Year in Review, which highlights the Office of Export Enforcement's accomplishments over 2024. These include a number of civil and criminal enforcement actions related to Russian, Chinese, Iranian, and North Korean illicit procurement networks.
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