Litigation

Sanctions Roundup Second Quarter 2021

Shearman & Sterling LLP

Issue link: https://digital.shearman.com/i/1395167

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CONTENTS CHINA ..............................................................................................................................................................................................................................1 Following Preliminary Court Loss, US Lifts Sanctions against Chinese Electronics Company ...............................................................1 Biden Administration Revises Executive Order Targeting Chinese Companies with Military Ties ........................................................ 2 Chinese Official Targeted in Response to Xinjiang Activities ....................................................................................................................... 2 European Parliament "Freezes" EU-China Comprehensive Agreement on Investment in Response to PRC Sanctions.................... 3 No Banks Targeted for HKAA Sanctions ........................................................................................................................................................... 3 RUSSIA ............................................................................................................................................................................................................................ 4 State Department Waives Sanctions on Key Nordstream 2 and Turkstream Pipeline Operators ......................................................... 4 President Biden Imposes Sweeping Sanctions to Combat Russia's Malign Influence ............................................................................. 5 Google Appeals Russian Arbitration Court's Order to Unblock Tsargrad YouTube ................................................................................. 5 MYANMAR (BURMA) .................................................................................................................................................................................................... 7 OFAC Continues to Target Revenue Streams of Myanmar Military ............................................................................................................ 7 IRAN ................................................................................................................................................................................................................................. 9 Indirect Talks to Revive Nuclear Deal Continue in Vienna ............................................................................................................................ 9 FinCEN Issues Government-Wide AML/CFT Priorities .......................................................................................................................................... 10 IN LONG-AWAITED GUIDANCE, EUROPEAN UNION COURT OF JUSTICE STRICTLY INTERPRETS EU BLOCKING STATUTE ............... 11 OFAC TARGETS CORRUPT ACTORS IN GUATEMALA AND BULGARIA ........................................................................................................... 12 COUNTERTERRORISM DESIGNATIONS ................................................................................................................................................................. 13 OFAC TARGETS NARCOTICS TRAFFICKERS & CRIMINAL ORGANIZATIONS ................................................................................................. 14 ENFORCEMENT ACTIONS ......................................................................................................................................................................................... 15

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