The U.K.'s Office of Financial Sanctions Implementation on Sept. 10 imposed a penalty of about $205,338 against pharmaceutical company Colorcon for making unlicensed payments to sanctioned Russian banks.
The Senate Banking Committee voted 13-11 along party lines Sept. 30 to approve the nomination of Christopher Pilkerton to be the Treasury Department's assistant secretary for investment security. The committee also voted 15-9 to support Jonathan Burke to be Treasury’s assistant secretary for terrorist financing. Sens. Mark Warner, D-Va., and Raphael Warnock, D-Ga., joined the panel’s Republicans in backing Burke. Both nominations now head to the full Senate for its consideration.
European officials and Parliament members called on EU member states to double down on Russia-related sanctions implementation and enforcement, saying they know evasion is occurring, but countries have been too slow to act on sanctions rules or haven’t levied large enough penalties. They also expressed frustration that the EU hasn’t yet been able to confiscate frozen Russian assets for Ukraine, even as the European Commission said it’s preparing a proposal that would allow the bloc to indirectly use those funds while still complying with international law.
The U.K. this week published two new guidance documents that track exceptions and previous amendments to its Russia sanctions regime. The guidance allows users to search through a list of all Russia sanctions exceptions that the U.K. has introduced, as well as a list of the "statutory instruments" that have made changes to those sanctions and descriptions of the changes made.
Rep. Michael Turner, R-Ohio, who recently led a bipartisan congressional delegation to Ukraine, Poland and Germany, called on House Speaker Mike Johnson, R-La., on Sept. 24 to schedule a House floor vote on the proposed Sanctioning Russia Act, which would impose additional sanctions on Russia and new tariffs on countries that buy its oil and gas.
The Trump administration’s easing of export restrictions for certain unmanned drones was an overdue decision that could allow American companies to better compete in foreign markets and boost U.S. cooperation with allies, a defense policy researcher and former Pentagon official said Wednesday. During a Center for Strategic and International Studies webinar, they said the announcement highlights the shortcomings of the multilateral Missile Technology Control Regime (MTCR), arguing that it and other U.S. arms control policies have failed to keep up with the pace of technology.
The U.K. on Sept. 23 amended the entry of Yuri Denisov on its Russia sanctions list. Denisov's new listing says the individual "has been involved in obtaining a benefit from or supporting the" Russian government by acting as a director of the Public Joint Stock Company Moscow Exchange Group, which operates in the financial services sector.
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The U.K. on Sept. 22 removed Tatiana Evtushenkova -- director of the venture capital firm Redline Capital U.K. and member of the board of directors for Redline Capital Management -- from its Russia sanctions list. The U.K. originally sanctioned Evtushenkova for her ties to Russian businessman Vladimir Evtushenkov. The country didn't provide a reason for the delisting.
Eight Senate Democrats led by Senate Banking Committee ranking member Elizabeth Warren, D-Mass., urged the Trump administration Sept. 19 to sanction individuals and entities that have made China the first country to buy liquefied natural gas from the U.S.-sanctioned Arctic LNG 2 project in Russia.