On Monday, March 25, 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) updated the advisory document it published in November 2018 on the risks for parties involved in petroleum shipments to Syria. The update adds to the list of deceptive shipping practices used to obfuscate the destination of petroleum bound

On 24 November 2013, a joint commission of the United Kingdom (“UK”), the United States, Germany, France, Russia and China (collectively known as the “P5+1”, “E3/EU+3” or “E3+3”) reached agreement on a “Joint Plan of Action” with Iran, whereby Iran will comply with restrictions to its nuclear programme in return for limited relief from international

The Council of the European Union has published Council Decision 2012/206/CFSP, which came into force on 24 April 2012 and which imposes further restrictive measures against Syria. Specifically, it imposes a prohibition on the sale, supply, transfer and export of technology, equipment and goods which might be used for internal repression. The provision of technical

The EU has published Council Regulation (EU) 168/2012, which amends Regulation (EU) 36/2012 in respect of sanctions against Syria. Regulation 168/2012 prohibits various transactions in respect of gold, precious metals and diamonds, with a full list of the relevant goods being set out in Annex III to the Regulation. It is also prohibited to provide