US sanctions on North Korea to remain until complete denuclearisation attained

North Korea Flag and MissilesAt yesterday’s summit in Singapore between US President Donald Trump and North Korean leader Kim Jong-un, a joint statement was signed to reach (inter alia) the “complete denuclearization of the Korean Peninsula”.

In a press conference following the summit, President Trump stated that “[i]n the meantime, the [US] sanctions will remain in effect”, and that they “will come off when we are sure that the nukes are no longer a factor”.

However, China’s Foreign Ministry has stated that the international community ought to consider lifting UN sanctions on North Korea given the “efforts of current diplomatic talks towards denuclearising the Korean peninsula”.

OFAC sanctions supporters of Russian Federal Security Service

OFAC2OFAC has designated 5 Russian entities and 3 Russian individuals, pursuant to Executive Order 13694 and/or Section 224 of the Countering America’s Adversaries Through Sanctions Act (CAATSA).

Kvant Scientific Research Institute, Digital Security and Divetechnoservices were designated for being controlled by and/or having provided material and technological support to Russia’s Federal Security Service (FSB), which was previously sanctioned under CAATSA (in March 2018) and Executive Order 13694 (in December 2016). ERPScan and Embedi and the 3 individuals, Alexsandr Lvovich Tribun, Oleg Sergeyevich Chirikov and Vladimir Yakovlevich Kaganskiy, were designated for being owned or controlled by, or acting for or on behalf of, the 3 entities that had enabled the FSB. See OFAC Notice and Treasury press release.

US sanctions stop Nike supply to Iran football team for World Cup

iran 2017 football team.jpgFollowing the US decision to withdraw from the JCPOA and to reimpose sanctions on Iran, Nike has decided that it will not be providing sports equipment to the Iranian football team for the 2018 World Cup. Nike’s statement says “US sanctions mean that, as a US company, Nike cannot supply shoes to players in the Iranian National team at this time.”

G7 ready to increase sanctions on Russia if “destabilizing behaviour” continues

G7.jpgOn 8 – 9 June 2018, the G7 held a summit in Charlevoix, Quebec, Canada, to discuss a range of issues including Russia. Among other things, the communique urges Russia to “cease its destabilizing behaviour to undermine democratic systems and its support of the Syrian regime”. Furthermore, that the G7 “stand ready to take further restrictive measures in order to increase costs on Russia” should it be required.

US continues Belarus sanctions for 1 year

White HouseIn June 2006, the US adopted Executive Order 13405, which declared a national emergency in respect of Belarus (“actions and policies of certain members of the Government of Belarus and other persons to undermine Belarus’s democratic processes or institutions”). The Executive Order imposed asset freezing measures on a number of individuals.

Last week (8 June 2018), President Trump continued those sanctions for 1 year by continuing the national emergency as declared. White House press release here.

NZ aircraft manufacturer fined $75k for violating UN sanctions on N Korea

Engine Blade.jpgWe reported in October 2017 that New Zealand aircraft manufacturer Pacific Aerospace Ltd had pleaded guilty in a New Zealand Court to indirectly exporting aircraft parts to North Korea, in violation of UN sanctions. This week, Judge John Bergseng fined the company NZ $74,805 (approx. US $52,633) for the breach.

UN removes Central Bank of Iraq from Iraq sanctions & adds 6 people to Libya sanctions over human trafficking

UN4.jpgYesterday, the UN Security Council removed the Central Bank of Iraq from its Iraq sanctions list (press release) and added 6 individuals to its Libya sanctions list for their involvement in the “illicit trafficking of migrants in Libya” (press release). The 6 individuals are Ermias Ghermay, Fitiwi Abdelrazak, Ahmad Oumar al-Dabbashi, Mus’ab Abu-Qarin, Mohammed Kachlaf, and Abd Al-Rahan al-Milad (all subject to asset freezes and travel bans). UK OFSI Notice here.

On 11 June 2018, the US implemented this UN action, see OFAC Notice and Treasury press release.