Jacob Kopnick

The U.K.'s Office of Financial Sanctions Implementation added five entries to its Sudan sanctions regime, one to its Mali restrictions list and seven under its Central African Republic sanctions regime in a series of three July 20 notices.

Paul Goldfinch, a sanctioned former board member at Russian financial institution Bank Otkritie, filed suit on July 17 at the District Court for the District of Columbia over the government's failure to render a decision on his delisting petition. The banker, listing the State and Treasury Departments as defendants, said he resigned after Bank Otkritie was listed in February 2022 following Russia's invasion of Ukraine, but the government has stalled on finding that he has satisfied its delisting requirements (Paul Goldfinch v. Antony J. Blinken, D.D.C. # 23-02045).

Russian President Vladimir Putin ordered on July 16 that foreign ownership of the Russian subsidiary of French dairy products maker Danone be transferred to the temporary administration of the Federal Agency for State Property Management. The move was made under a presidential decree issued in April in response to sanctions imposed on Russia and allowing the Russian government to place property belonging to individuals and entities from "unfriendly" nations into government administration (see 2304270017). Russia previously seized Carlsberg Sverige Aktiebolag's 98.56% share holding of Baltika Breweries, Hoppy Union's 1.35% ownership of the breweries and Carlsberg Deutschland's 0.09% ownership.

The U.S. and EU this week condemned Russia's decision to terminate the Black Sea Grain Initiative, which had allowed grain to be exported from Ukraine to countries in Africa, the Middle East and Asia amid fighting between Russia and Ukraine (see 2305030024). "We urge the Government of Russia to reverse its decision, to resume negotiations, and to extend, expand, and fully implement the Initiative immediately for the benefit of the millions of people who depend on Ukrainian grain," the State Department said. The European Council also called on Russia to "cease illegally blocking Ukrainian seaports and allow freedom of navigation on the Black Sea," adding that it will "spare no efforts" in supporting the delivery of all goods, "especially agricultural products to global markets through EU-Ukraine 'Solidarity Lanes.'"

The EU General Court last week affirmed a European Commission decision that allowed German securities depository bank Clearstream Banking to comply with U.S. sanctions on Iran. The case stemmed from a commission decision in 2020 that authorized Clearstream to withhold payment of dividends to German firm IFIC Holding, whose shares are indirectly held by the Iranian government. IFIC had asked the General Court to annul the decision.

The EU on July 13 removed import restrictions on certain food from Japan that had been in place since the 2011 Fukushima nuclear incident. The European Council said the move follows "positive results from controls done on the products" by the Japanese government and EU member states. Following 2011, the bloc tested food products for radioactivity pre-export. By 2021, the restrictions were limited to "wild mushrooms, some fish species and wild edible plants." The U.K. lifted similar restrictions last year (see 2206290022).

The fourth "Fish Week" negotiations on fisheries subsidies opened at the World Trade Organization July 10 with the chair, Iceland's Einar Gunnarsson, fielding members' views on what parts from various proposals submitted by different countries would form the basis of the text-based talks in the fall, according to the WTO. Members are aiming to reach an agreement at the 13th Ministerial Conference set for February. The WTO will hold a July 19 meeting to discuss the "technical work related to the operation of the future Committee on Fisheries Subsidies," which will be established when the original fisheries deal, struck at MC12, comes into force. WTO Deputy Director-General Angela Ellard said "now is the right time to deepen the discussions and identify elements and approaches for the starting point of text-based negotiations in the fall."

The European Commission on July 7 opened a consultation on the use of its enforcement regulation in a World Trade Organization dispute on Indonesia's export restrictions on nickel. The move follows Indonesia's appeal of a WTO dispute panel ruling favorable to the EU. Due to the lack of a functioning Appellate Body, all appeals at the WTO are in limbo.

The U.S. District Court for the Southern District of New York rejected FTX founder Sam Bankman-Fried's bid to dismiss the government's claim that the infamous crypto-exchange executive violated the Foreign Corrupt Practices Act's anti-bribery provision (U.S. v. Samuel Bankman-Fried, S.D.N.Y. # 22-00673).

A World Trade Organization dispute panel suspended its consideration of Russia's complaint against U.S. antidumping duties on steel and aluminum products at Russia's request, the WTO announced. The panel said that after reviewing Russia's comments and U.S. opposition, it decided to temporarily stop its work on the dispute. Per WTO rules, the panel cannot halt the work for more than 12 months.