Us and Eu Russia Sanctions Update
OVERVIEW AND ENERGY SECTOR FOCUS SECTOR ANDENERGY OVERVIEW – SANCTIONSUPDATE RUSSIAANDEU US Andrei Ignatenko, Associate – Ignatenko, Andrei Moscow Of Louis Counsel –Rothberg, DC – Partner Carl Valenstein, Boston –Partner Zimbler, Brian Moscow/DC –Bruce Johnston, Partner London – Partner Jon Hines, Moscow as as of 26April 2018 © 2015 Morgan, Lewis & Bockius LLP CONTENTS • Newest US Sanctions (6 April 2018)……………………...….... 3 • Basic Framework (US and EU) ………………………………... 8 • US Sectoral Sanctions – OFAC..…………………………....... 11 • US Sectoral Sanctions – BIS………………………………….. 18 • US Direct Sanctions – SDNs………………………………….. 23 • US Crimea Sanctions………………………………………….. 28 • CAATSA / Guidances / Lists…………………………………... 29 • EU Sectoral Sanctions………………………………...……..... 42 • EU Crimea Sanctions …………………………………………. 53 • EU Direct Sanctions (SDN-like)………………………….…… 54 Newest US Sanctions (OFAC - 6 and 23 April) • See the link to OFAC’s 6 April new SDNs List, and two related General Licenses and FAQs • New SDN individuals – Including some prominent state company CEOs and other “oligarchs”, such as • Alexey Miller (Gazprom CEO) • Viktor Vekselberg (Renova etc.) • Andrey Kostin (VTB CEO) • Oleg Deripaska (Basic Element, EN+, Rusal, GAZ, etc.) • Vladimir Bogdanov (Surgutneftegaz CEO) • Suleiman Kerimov – The new designations follow the US Treasury Dept. CAATSA sec. 241 Report to Congress listing many of Russia’s senior political figures, oligarchs, and “parastatal entities” (see slides 38-39) • New SDN companies, including ‒ Rusal, Basic Element, EN+, GAZ, Eurosibenergo,
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