The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 10 Jul 2024 (OFAC):
The U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC") issued General License ("GL") 13J, which extends the authorization of certain administrative transactions prohibited by Directive 4 under E.O. 14024, until 12:01 a.m. Eastern Daylight Time on October 9, 2024.
- 10 Jul 2024 (BIS):
The Department of Commerce’s Bureau of Industry and Security (“BIS”) published guidance outlining the different actions that BIS takes to inform industry and academia about parties that present risks of diversion of items subject to BIS export controls to countries or entities of concern. The guidance also outlines certain responsibilities companies and universities have to comply with the Export Administration Regulations ("EAR"), as well as additional steps that they should take in order to mitigate diversion risks.
- 02 Jul 2024 (BIS):
The Department of Justice (“DOJ”) announced that Kirill Gordei, a citizen of Belarus and lawful permanent resident of the United States, was indicted for allegedly smuggling goods from the United States into Russia without a license.
- 02 Jul 2024 (BIS):
The Department of Justice (“DOJ”) announced that Douglas Edward Robertson, a U.S. citizen and the former vice president of KanRus Trading Company Inc., pleaded guilty to numerous export control and money laundering crimes related to a years-long conspiracy to sell avionics equipment to Russian end users in violation of U.S. export controls.
- 02 Jul 2024 (EU):
The European Commission (“Commission”) updated its EU FAQs in respect of "General Questions" relating to Russia sanctions under Council Regulation (EU) 269/2014 ("Regulation 269") and Council Regulation (EU) 833/2014 ("Regulation 833"). The EU FAQs confirm the relationship between the prohibitions in Regulation 269 and Regulation 833, as well as clarify whether an entity subject to an EU asset freeze under Regulation 269, and the prohibitions under Regulation 833, can still benefit from a derogation or exemption provided by Regulation 833.
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