The OverRuled: Sanctions Module has been updated with the following actions:
- 26 Jun 2024 - Mondo TV, S.p.a. - USD $538,000
Between May 2019 and November 2021, Mondo TV, S.p.a. caused U.S. financial institutions to process approximately $537,939 in payments for animation work Mondo TV, S.p.a. outsourced to a Government of North Korea-owned animation studio.
The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 24 Jun 2024 (EU):
The European Union ("EU") adopted its 14th package of sanctions against Russia. The new sanctions package introduces, inter alia, enhanced anti-circumvention measures, additional asset freeze restrictions, new designations against 27 vessels for the purposes of an EU port access ban and related services, amendments to sectoral and trade sanctions targeting high-value sectors of the Russian economy, including energy, finance, and transport. Several existing exemptions and derogations were also extended or amended.
Among the implemented measures, a broad new requirement has been introduced for EU parent companies to undertake their 'best efforts' to ensure that their third-country subsidiaries do not take part in any activities resulting in an outcome that the sanctions seek to prevent. The EU's 14th sanctions package has also imposed restrictions on Russian liquefied natural gas ("LNG") projects, as well as a new prohibition on transshipment operations and reloading in the Union where those services are used to transship Russian LNG.
To further limit Russia's ability to wage its war in Ukraine, the EU has taken steps to ban the use of Russia's SPFS financial messaging system by EU entities operating outside of Russia, along with imposing new restrictions on the registration of intellectual property rights and transfer of industrial know-how outside the Union relating to Common High Priority items.
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