On 27 August 2014, the Swiss Federal Council adopted additional measures to prevent Swiss territory being used as a channel to circumvent international sanctions in connection with the situation in Ukraine. To that end, the Federal Council has revised its ordinance dated 2 April 2014 to take into account the new sanctions implemented by the […]
Read MoreSANCTIONS UPDATE: EU AND OFAC EXTENDS ASSET FREEZE AND INTRODUCES NEW SANCTIONS ON ENERGY AND FINANCIAL SECTOR
The US Treasury Department’s Office of Foreign Assets Control (“OFAC”) has imposed several new Ukraine-related sanctions as of July 16, 2014. Significantly, the new sanctions impose restrictions on certain types of dealings by US persons with specified Russian energy, defense and financial services entities. The EU has also announced new sectoral sanctions, as well as […]
Read MoreUkraine-related sanctions: key issues for financial institutions PART 7 (MAY 2014)
What is the status of the evolving international sanctions against Ukraine and Russia? Since the recent escalation of the Ukraine crisis in March, there have been almost daily developments regarding economic sanctions – ranging from details of implementation to proposals for new or tougher measures. This update is part of a series of snapshots of […]
Read MoreUkraine-related sanctions: key issues for financial institutions PART 6 (MAY 2014)
What is the status of the evolving international sanctions against Ukraine and Russia? Since the recent escalation of the Ukraine crisis in March, there have been almost daily developments regarding economic sanctions – ranging from details of implementation to proposals for new or tougher measures. This update is part of a series of snapshots of […]
Read MoreUkraine-related sanctions: key issues for financial institutions PART 5 (MAY 2014)
What is the status of the evolving international sanctions against Ukraine and Russia? Since the recent escalation of the Ukraine crisis in March, there have been almost daily developments regarding economic sanctions – ranging from details of implementation to proposals for new or tougher measures. This update is part of a series of snapshots of […]
Read MoreUkraine-related sanctions: key issues for financial institutions PART 4 (MAY 2014)
What is the status of the evolving international sanctions against Ukraine and Russia? Since the recent escalation of the Ukraine crisis in March, there have been almost daily developments regarding economic sanctions – ranging from details of implementation to proposals for new or tougher measures. This update is part of a series of snapshots of […]
Read MoreUkraine-related sanctions: key issues for financial institutions PART 3 (MAY 2014)
What is the status of the evolving international sanctions against Ukraine and Russia? Since the recent escalation of the Ukraine crisis in March, there have been almost daily developments regarding economic sanctions – ranging from details of implementation to proposals for new or tougher measures. This update is part of a series of snapshots of […]
Read MoreUkraine-related sanctions: key issues for financial institutions PART 2 (MAY 2014)
What is the status of the evolving international sanctions against Ukraine and Russia? Since the recent escalation of the Ukraine crisis in March, there have been almost daily developments regarding economic sanctions – ranging from details of implementation to proposals for new or tougher measures. This update is part of a series of snapshots of […]
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