1 juni 2015
Russia has released a list of 89 EU politicians that are no longer allowed to travel into Russia. With this blacklist, Russia responds to the sanctions imposed against Russia by the EU over the Russian annexation of the Crimea and Russia's alleged involvement in the Ukrainian conflict.
30 mei 2015
On 29 May 2015, the U.S. State Department formally de-listed Cuba from its List of State Sponsors of Terrorism. After President Obama recommended a de-listing to Congress, a 45-day period for lawmakers to oppose it, was triggered. After 45 days, no opposition had been made, so Cuba was formally de-listed yesterday. Cuba had been listed since 1982, after having been added by President Ronald Reagan.
14 mei 2015
The US Senate has passed a bill that, when passed by the House of Representatives, requires Congressional approval for any agreement with regard to the waiver of the US Iran sanctions program.
6 mei 2015
The European Union (EU) has updated its best practices document for the effective implementation of restrictive measures (the EU Best Practices Document).
2 april 2015
This evening, 2 April 2015, it was announced that a "framework" agreement has been agreed to with regard to Iran's nuclear programme. Iran has promised to make drastic cuts to its nuclear programme in return for the gradual lifting of sanctions. This has already been called a historic breakthrough that could end a 13-year nuclear standoff.
2 april 2015
On 25 March 2015, it was announced that Schlumberg Oilfield Holdings Ltd, a wholly subisidary of Schlumberg Ltd., has agreed to plead guilty and to pay a total sum of USD 232,708,356 and enter into a three-year deferred prosecution agreement with the Justice Department for, inter alia, violations of the International Emergency Powers Act (IEEPA) by willfully facilitating illegal transactions and engaging in trade with Iran and Sudan.
2 april 2015
On 23 March 2015, U.S. money services business Paypal entered into a settlement agreement with the U.S. OFAC for alleged violation of U.S. sanctions laws. According to the settlement agreement, "Paypal has not implemented effective compliance procedures and processes to identify, interdict, and prevent transactions in apparent violation of the sanctions programs administered by OFAC. In particular, Pay Pal failed to employ adequate screening technology and procedures to identify the potential involvement of