Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

balance scale

Oct 20, 2014

Sanctions Round Up: Third Quarter 2014

Subscribe

Jump to...

 

The third quarter of 2014 was marked by the issuance and then significant expansion of U.S. and E.U. sanctions targeting specific sectors of the Russian economy. These sectoral sanctions complement ongoing efforts by both jurisdictions to identify and designate persons contributing to the ongoing instability in eastern Ukraine. Despite an extension in the deadline for a final agreement on Iran’s nuclear negotiation, the United States continued to enforce certain sanctions targeting Iran. OFAC also issued new guidance on the so-called “50 percent” rule toward the end of the quarter that has the potential to greatly expand the application of all U.S. sanctions programs.

Included in quarter’s sanctions round up is a discussion of:

  • The Revised OFAC 50 Percent Rule
  • U.S. and E.U. Sectoral Sanctions Targeting Russia
  • Additional U.S. Sanctions Targeting Iran
  • Sanctions Targeting Ongoing Conflicts in Syria, South Sudan, and the DRC
  • Updates to Other U.S. and E.U. Sanctions Programs
  • U.S. Enforcement Actions
  • U.S. Counterterrorism and Counternarcotics Designations
  • Annulment of E.U. Sanctions

View full memo, Sanctions Round Up: Third Quarter 2014

Authors and Contributors

Philip Urofsky

Partner

Litigation

+1 202 508 8060

+1 202 508 8060

Washington DC

Danforth Newcomb

Of Counsel

Litigation

+1 212 848 4184

+1 212 848 4184

New York

Stephen Fishbein

Partner

Litigation

+1 212 848 4424

+1 212 848 4424

New York

Brian G. Burke

Partner

Litigation

+1 212 848 7140

+1 212 848 7140

+86 21 6136 5000

+86 21 6136 5000

New York

Christopher L. LaVigne

Partner

Litigation

+1 212 848 4432

+1 212 848 4432

New York

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London