On Tuesday 30 January 2018, the US Treasury Department published a highly anticipated list of 210 Russian individuals. Dubbed the “oligarch list”, the list consists of 96 Russians billionaires and 114 top government officials and state-company heads.
The list was required to be published under last year’s sanctions legislation. The list includes 22 individuals who are already subject to US sanctions. However, no new or additional sanctions were imposed on any individuals.
The Treasury Department has stated that the list released contains only the unclassified portion and that there is a further classified portion that may include other names. The document was aimed to punish Russia for allegedly meddling in the 2016 US election.
Whilst no new sanctions were imposed on the individuals there has been speculation that this list represents individuals who could be subject to US sanctions in the future.
Gherson has extensive experience in representing individuals on sanctions list. Recently Gherson, representing Mr Ivanyushcehnko, won a case against the Council of the EU. The case was heard in the General Court of the EU confirming the annulment of restrictive measures in the form of financial sanctions against Mr Ivanyushcehnko. Should you require any further information please contact us.
The information in this blog is for general information purposes only and does not purport to be comprehensive or to provide legal advice. Whilst every effort is made to ensure the information and law is current as of the date of publication it should be stressed that, due to the passage of time, this does not necessarily reflect the present legal position. Gherson accepts no responsibility for loss which may arise from accessing or reliance on information contained in this blog. For formal advice on the current law please don’t hesitate to contact Gherson. Legal advice is only provided pursuant to a written agreement, identified as such, and signed by the client and by or on behalf of Gherson.