EU extends restrictions in response to illegal annexation

21 juni 2015

1. Renewal of economic sanctions relating to Crimea and Sevastopol

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Russia "blacklists" 89 EU politicians

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.

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US de-lists Cuba from Terror List

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.

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US Senate passes the Iran Nuclear Agreement Review Act.

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.

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EU updates best practices document for the effective implementation of restrictive measures.

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”).

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Negotiators announce groundbreaking, yet fragile "framework" agreement Iran

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.

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Schlumberg Oilfield Holdings pleas guilty to conducting business with Iran and Sudan

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.

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