On 16 October 2018, Shearman & Sterling published its quarterly Sanctions Roundup report, which highlights developments in U.S. sanctions laws and enforcement trends.

As is further detailed in the Sanctions Roundup, among the highlights from the third quarter of 2018 were:

  • U.S. maintained pressure against Russia, imposing sanctions in response to the Skripal attacks, issuing a new Executive Order aimed at election meddling, and targeting multiple entities and individuals under CAATSA;
  • Markets reacted to the possibility of new sanctions on Russian sovereign debt following the U.S. November elections;
  • U.S. began the first phase of its Iran sanctions snap-back, while the EU and others pursued strategies to salvage the JCPOA;
  • OFAC resumed sanctions pressure against North Korea, focusing on Russian and Chinese targets in particular; and
  • The Trump Administration settled its first enforcement action against a financial institution, resulting in a $5.2 million settlement.

The Sanctions Roundup is available at:

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