Now that we have seen the EU’s adoption of a slimmed down 10th sanctions package on Russia after months of ambitious discussion of imposing new costs, it makes sense for us in the compliance community to step back and take a wider view of why politicians and officials increasingly impose complicated sanctions measures and whatContinue reading “Why do Policymakers Love Complex Sanctions?”
Author Archives: sanctions
Russian Oil Product Price Cap – What will it look like?
On 30 December 2022, US Treasury’s OFAC quietly released their preliminary guidance for the forthcoming price cap for the provision of services related to the maritime transport of Russian oil products. The cap is scheduled to be implemented by 5 February 2023 by the EU, G7 members and Australia. Much as with the crude oilContinue reading “Russian Oil Product Price Cap – What will it look like?”
What do Nordic political changes mean for the future of sanctions on Russia and beyond?
At a time of acute economic and security challenges, when there seemed to be a whipsaw of leadership changes all across Europe, the same had not held quite as true in the Nordics. As we are now in the fluid period of government formation in Denmark, with the effort being led by the same official,Continue reading “What do Nordic political changes mean for the future of sanctions on Russia and beyond?”
“Danish export companies risk being penalized”
Learn from the interview with our CEO, Tyler Nielsen, by Finans on the future implications of sanctions for Danish companies given the changing international and local regulatory and enforcement landscape. (In Danish) https://finans.dk/erhverv/ECE13567105/danske-eksportvirksomheder-risikerer-at-blive-ramt-af-sanktioner/?ctxref=forside
Key Takeaways for Senior Management and Compliance Personnel from the Dan Bunkering Verdict
The verdict against Dan Bunkering, Bunker Holding, as well as the chairman of Dan Bunkering and CEO of Bunker Holding, is monumental not only because it is a rare example of a criminal conviction for EU sanctions compliance failures, but because it confirms the scope and expectations for what it means to comply with EUContinue reading “Key Takeaways for Senior Management and Compliance Personnel from the Dan Bunkering Verdict”
The shipping industry faces expanded risks from the new U.S. Russia sanctions
A collaboration with Windward to examine the risks to the shipping industry from the latest U.S. sanctions on Russia. Check out the article: “The shipping industry faces expanded risks from the new U.S. Russia sanctions”
How should Nordic Banks and Companies React to the new US Russia Sanctions?
On April 15, 2021 the Biden administration announced a broad set of measures to combat malaign activities of the Rusisan government against the United States. Some of these measures are very targeted and others create a broad structure for future sanctions that could have harsh consequences for us in the Nordics. While they complicate theContinue reading “How should Nordic Banks and Companies React to the new US Russia Sanctions?”