New Updates for 17-Feb-2025

2025-02-17

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

  • 14 Feb 2025 (UK):

    The Office of Financial Sanctions Implementation ("OFSI") designated three individuals and two entities, pursuant to the Russia (Sanctions) (EU Exit) Regulations 2019 ("Russia Regulations").

  • 14 Feb 2025 (EU):

    The European Commission (the "Commission") updated its Russia sanctions FAQs relating to the provision of services by clarifying whether the prohibition to provide auditing services in Article 5n(1) of Council Regulation (EU) No. 833/2014 ("Regulation 833") prohibits the auditing of information of legal persons, entities, or bodies established in Russia for the purposes of financial reporting and complying with international auditing standards.

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