New Updates for 27-Aug-2024

2024-08-27

Reading Time : 2 min

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

  • 27 Aug 2024 (BIS):

    The Bureau of Industry and Security (“BIS”) added 123 entities under 131 entries to the Entity List under the destinations of Canada (1), China (42), the Crimea Region of Ukraine (1), Cyprus (1), Iran (11), Kazakhstan (1), Kyrgyzstan (1), Russia (63), Turkey (8), Ukraine (1), and the United Arab Emirates (UAE) (1).  According to BIS, these entities were designated for shipping U.S.-origin and U.S.-branded items to Russia in violation of U.S. export controls or for engaging in other activities contrary to U.S. national security and foreign policy interests.  Included among these 123 entities are four address-only entries: Address 01, under the destination of Turkey; and Address 09, Address 10, and Address 11, all under the destination of China.

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

  • 23 Aug 2024 (OFAC):

    ​The United States sanctioned nearly 400 entities and individuals both in Russia and outside its borders (including in Asia, Europe, and the Middle East) whose products and services enable Russia to sustain its war effort and evade sanctions, pursuant to EO 14024.

    In this action, the U.S. Department of State designated more than 190 entities and individuals based in the PRC, Hong Kong, Russia, the United Arab Emirates ("UAE"), Türkiye, the Kyrgyz Republic, Kazakhstan, Tunisia, Panama, Cyprus, and Belarus. These targets are engaged in Russia's future energy, metals, and mining production and exports; sanctions evasion; Russia's military-industrial base, including armed unmanned aerial vehicle production, Belarusian support for Russia's war effort, and air logistics entities; additional subsidiaries of State Atomic Energy Corporation Rosatom; and malign actors involved in the attempted, forcible "re-education" of Ukraine's children.

    OFAC concurrently designated nearly 200 entities and individuals across the PRC, Hong Kong, Switzerland, Türkiye, the UAE, Italy, France, Estonia, Liechtenstein, Austria, Hungary, Cyprus, the United Kingdom, and Canada for involvement in procuring ammunition and military materiel for Russia, facilitating sanctions evasion for Russian oligarchs through offshore trust and corporate formation services, evading sanctions imposed on Russia's cyber actors, laundering gold for a sanctioned Russian gold company, and supporting Russia's military-industrial base by procuring sensitive and critical items, such as advanced machine tools and electronic components.

Please send an email to subscriptions@overruled.com if you would like information on how to subscribe to access additional detail about these and other sanctions- and export controls-related actions. If you are already a paid subscriber, please login to OverRuled for access to exclusive content, analysis, and historic search functionality.

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