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I. UNITED STATES (OFAC) RUSSIA Suppliers of military equipment and technology As of 2 November 2023, OFAC has sanctioned 130 Russian individuals and companies. The US Treasury Department’s Office of Foreign Assets Control (OFAC) continues to disrupt the networks and channels through which Russia attempts to sustain its beleaguered military. Today’s sanctions target individuals and…

The European Union (hereinafter, “EU”) has imposed multiple sanctions against Russia in response to its military aggression against Ukraine, and for the time being, these have been extensive and unprecedented, covering various sectors such as energy and banking. In this regard, UE officials are finalizing the details of a proposed 12th package of sanctions which…

We share with our readers an interesting article published by the Antitrust Alliance (ATA) on the new powers of the European Commission to control the concentration of undertakings in relation to the provisions of Regulation (EU) 2022/2560 on subsidies that distort the internal market. In this context, the legislative bodies of the European Union have…