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Combatting circumvention of the EU sanctions is a common mission of the EU Member States, especially of those who are at the forefront of sanctions…
In response to Russia's ongoing aggression in Ukraine, both the United States and the European Union have imposed additional sanctions and further restricted exports to Russia and Iran.
On February 6, 2023, two massive earthquakes of 7.8 and 7.6 magnitude struck Turkey and Syria, resulting in substantial physical damage and tremendous loss of life with over 40,000 deaths as of February 14, 2023.
As the Russian invasion of Ukraine continues, so too does Russia's isolation from the West.
The OFSI Guidance also addresses OFSI's proposed approach to enforcement of the new ban.