Economic Sanctions Resources
BAFT’s sanctions resources hub is a collection of links and documents to various resources across numerous international jurisdictions that can help you and your organization manage economic sanctions impacting the global transaction banking industry.
BAFT Resources on Russian Sanctions
BAFT is committed to providing details on economic sanctions and export controls enacted by the European Union (EU), the United Kingdom (UK), the United States (U.S.), and other international jurisdictions in response to Russia’s violations of international law and the territorial integrity of Ukraine.
We encourage members to actively monitor this resources hub as sanctions could change on a frequent basis, and we will endeavor to keep our community updated on changes that impact our industry.
As you review the sanctions and export controls we encourage you to send your questions and items for clarification to [email protected]. We will consolidate member questions and engage with the Office of Foreign Assets Control (OFAC) on behalf of the industry.
Industry Statements on Russian Sanctions
Credit Card and Payments Processers
International Development, Finance and Trade Organizations
Iran-related Designations; Russia-related Designations; Global Magnitsky Designation – Posted: October 26, 2022
Jurisdictional Resources on Russian Sanctions
- Australian Department of Foreign Affairs and Trade, Russia Sanctions Regime – Posted: February 24, 2022
- Government of Canada, Regulations Amending the Special Economic Measures (Russia) Regulations – Posted: March 6, 2022
- EU Adopts Fifth Round of Sanctions Against Russia Over its Military Aggression Against Ukraine – Posted: April 8, 2022
- Statement from Israeli Foreign Minister Lapid Condemning the Russian Invasion of Ukraine – Posted: March 14, 2022
- Government of New Zealand, Response Measures to the Russian Invasion of Ukraine – Posted: February 28, 2022
- Norwegian Ministry of Foreign Affairs, War Against Ukraine Affects Relations with Russia – Posted: March 5, 2022
- Singaporean Ministry of Foreign Affairs Statement on the Situation in Ukraine – Posted: February 28, 2022
- U.S. Department of the Treasury Takes Sweeping Action Against Russia’s War Efforts – Posted: May 8, 2022
- U.S. Department of the Treasury, Issuance of Russia-Related General License 30 (Gazprom) – Posted: May 2, 2022
- U.S. Department of the Treasury Designates Facilitators of Russian Sanctions Evasion – Posted: April 20, 2022
- U.S. Department of the Treasury Issues Fact Sheet on Food and Humanitarian Sanctions Authorizations – Posted: April 19, 2022
- U.S. Department of the Treasury, Issuance of Russia-Related General License 26 (Sberbank) – Posted: April 12, 2022
- U.S. Congress, H.R.6968 Becomes Public Law – Ending Importation of Russian Oil Act – Posted: April 8, 2022
- White House Joint Statement by the G7 Announcing Further Economic Costs on Russia – Posted: March 11, 2022
Jurisdictional Resources on Belarusian Sanctions
BAFT is committed to providing details on economic sanctions and export controls enacted by the EU, Japan, the UK, and the U.S. in response to Belarus’ role in the invasion of Ukraine.
Several jurisdictions have expanded sanctions and export controls against entities in Belarus that target key pillars of the Belarusian economy. These latest measures expand prior sanctions, adding military officials to the target list, and expands the targeted sectors to include wood, steel, and potash.