Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
The U.K. High Court of Justice on May 10 made permanent a court order blocking sanctioned Russian entity VEB from taking a dispute with Barclays Bank to an arbitration court in Russia. The court rejected VEB's claim that British sanctions "frustrated" an arbitration agreement between the parties.
Leaders of the House Foreign Affairs Committee said May 13 they might pursue financial sanctions and other measures against Georgia if the country’s government doesn't withdraw a “foreign agents” bill that would crack down on civil society organizations and independent media outlets.
Four House Republicans said last week they’re concerned the Biden administration is considering giving small and medium-sized businesses in Cuba access to the U.S. banking system even though such entities are generally controlled by Cuba's communist government.
Finland, Estonia, Lithuania, Latvia and Poland on May 9 signed an agreement that they said will align export control enforcement practices and increase information sharing across their customs agencies, particularly for illegal shipments to Russia, the countries announced.
The U.K. High Court of Justice on May 3 said funds are subject to sanctions when a party can prove that the funds are being "in fact controlled" by a sanctioned party, not when there's "only reasonable cause to suspect" they are controlled by a sanctioned party, according to the Global Sanctions blog.
The U.K. on May 8 amended one entry under its Russia sanctions regime, updating the listing for Said Mikhailovich Gutseriev. The amended listing now shows that Gutseriev worked as a director of various Russian financial services and energy extractive companies, which operate in "sectors of strategic significance to the Government of Russia."
Senate Foreign Relations Committee ranking member Jim Risch, R-Idaho, and House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, urged President Joe Biden this week to reject his administration’s proposal to waive sanctions to allow French company Électricité de France (EDF) to work with Russia's state-owned nuclear energy company Rosatom.
The U.S., the U.K. and Australia this week sanctioned Russian national Dmitry Yuryevich Khoroshev, a leader of the Russia-based LockBit ransomware group, which the Office of Foreign Assets Control labeled “one of the most active ransomware groups in the world.”
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.