Morgan Lewis US and Russia Sanctions Update
What's Newest (cont'd)
Recent measures under other-country sanctions programs: possible (and some actual) effects
on/for Russian companies – calls for further caution
Venezuela
Iran
further 2020 designation of several shipping cos. and individual vessels, for having carried Venezuelan crude
see this Nov. 2020 investigative press report
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and 19 Jan. 2021 designations of vessels (including some Russian ones)
and 30 Nov. 2020 designation of CEIEC, a leading Chinese telecoms-tech company, for alleged cyber
assistance to Venezuelan state telecoms company in stifling political dissent – see OFAC press release
Jan. 2021 designations, on top of 2020 ones - while Biden Admin. policy toward Iran develops (see slides 32,
39, 42 and 47)
including 5 Jan. (key players in Iran's steel sector) and 13 Jan. (foundations controlled by Iran's leader)
and see OFAC 8 Oct. 2020 announcement of SDN designations of several Iranian banks, and related general
licenses and FAQs - and many more designations of important Iran entities in various industries in 2019-20
China
the recent multi-pronged US gov't and related measures aimed against several PRC state companies
perceived to be linked to the military etc. (2020 Trump Admin., and some more early in Biden Admin. time)
including now even US stock exchange Chinese company delisting, and US disinvestments, etc.
Various new Russian co. designations under N. Korea sanctions regimes as well (19 Nov. and 25
Nov. 2020) - and see 8 Dec. designations of (non-Russia) entities and vessels for carrying N.
Korean coal
And the Turkey sanctions mandate (impending NDAA 2021, section 1241), for purchase of
Russian S-400 missile system (see slides 8 and 41)
Morgan Lewis
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