In the latest edition of our Sanctions Watch weekly digest, we present significant updates on sanction watchlists and regulatory developments.

The Office of Financial Sanctions Implementation (OFSI) has made changes to General Licence INT/2022/2300292 (Payment to Energy Companies for Gas and/or Electricity). The modification removes the expiry date from the General Licence, making it indefinite, and permits individuals to make authorized payments to energy companies on behalf of designated.

The European Union (EU) has introduced a Sudan sanctions framework targeting those hindering peace and stability, impeding political transition, obstructing humanitarian aid, or committing human rights violations in Sudan. This includes asset freezes as per Council Regulation (EU) 2023/2147 and Council Decision (CFSP) 2023/2135.

The United Nations Security Council has not yet officially designated or sanctioned Hamas as a terrorist group, even though several other countries have done so, despite the recent deadly attacks by Hamas in Israel.

The United States has imposed its initial round of sanctions in response to the global coalition‘s decision to establish a $60 per barrel price limit on Russian crude oil. This measure, endorsed by the Group of Seven major economies, the European Union, and Australia, is aimed at both curbing Russia’s oil earnings and maintaining its oil supply to the world market.