The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 23 Oct 2024 (BIS):
BIS added 26 entities to the Entity List under the destinations of the China (6), Egypt (1), Pakistan (16), and the United Arab Emirates (UAE) (3). According to BIS, these entities were designated for acquiring and attempting to acquire U.S.-origin items to support China's military modernization, as well as weapons programs and unmanned aerial vehicle (UAV) programs in both Iran and Pakistan, for evading and attempting to evade U.S. sanctions and export controls targeting Russia and Iran, and for engaging in other activities contrary to U.S. national security and foreign policy interests.
Concurrent with these designations, BIS also added one address for Chengdu Poyotencon Technology in China and removed two entities from the list: (i) Hefei Bitland Information Technology Co. Ltd. ("Hefei") under the destination of China and (ii) Sandvine Incorporated ("Sandvine") under the destinations of Canada, India, Japan, Malaysia, Sweden, and the UAE.
- 21 Oct 2024 (OFAC):
The Price Cap Coalition, an international coalition including the G7, the European Union, and Australia, updated its Advisory for the Maritime Oil Industry and Related Sectors (the "Advisory"), recommending additional best practices for maritime oil industry and government stakeholders to further enhance compliance with the Price Cap Coalition's price cap policy on crude oil and petroleum products of Russian origin, and to promote responsible practices to prevent and disrupt sanctions evasion.
- 21 Oct 2024 (UK):
The Price Cap Coalition, an international coalition including the G7, the European Union, and Australia, updated its Advisory for the Maritime Oil Industry and Related Sectors (the "Advisory"), recommending additional best practices for maritime oil industry and government stakeholders to further enhance compliance with the Price Cap Coalition's price cap policy on crude oil and petroleum products of Russian origin, and to promote responsible practices to prevent and disrupt sanctions evasion.
- 21 Oct 2024 (EU):
The Price Cap Coalition, an international coalition including the G7, the European Union, and Australia, updated its Advisory for the Maritime Oil Industry and Related Sectors (the "Advisory"), recommending additional best practices for maritime oil industry and government stakeholders to further enhance compliance with the Price Cap Coalition's price cap policy on crude oil and petroleum products of Russian origin, and to promote responsible practices to prevent and disrupt sanctions evasion.
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