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.
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.
European Union
Japan
United Kingdom
- UK Imposes Sanctions on Belarus for Role in the Russian Invasion of Ukraine – Posted: March 1, 2022
United States
- U.S. Department of the Treasury Targets Belarusian Support for Russian Invasion of Ukraine – Posted: February 24, 2022
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.
- BAFT Member Overview on Russian Sanctions Update – Posted: February 28, 2022
- BAFT Member Overview on Russian Sanctions – Posted: February 25, 2022
Industry Statements on Russian Sanctions
Credit Card and Payments Processers
- American Express Suspends Operations in Russia and Belarus – Posted: March 6, 2022
- Mastercard Statement on Suspension of Russian Operations – Posted: March 5, 2022
- Visa Suspends All Russia Operations – Posted: March 5, 2022
International Development, Finance and Trade Organizations
- Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Mondo TV, S.p.a.; Issuance of Russia-related General License – Posted: June 26, 2024
- Russia-related Designations; Publication of Russia-related Determination; Issuance of Russia-related General Licenses and Frequently Asked Questions – Posted: June 12, 2024
- Russia-related Designations Removals – Posted: June 7, 2024
- West Bank-related Designations; Russia-related Designation; Counter Narcotics Designation and Designations Updates; Transnational Criminal Organizations Designation Update – Posted: March 14, 2024
- Counter Terrorism Designations; Iran-related Designation; Burma-related Designations; Sudan Designations; Russia-related Designation Removal; Issuance of Burma-related General License – Posted: January 31, 2024
Issuance of new Russia-related Executive Order and related Determinations; Issuance of Russia-related General Licenses and Frequently Asked Questions; Publication of Russia-related Compliance Advisory – Posted: December 22, 2023
- Russia-related Designations; Counter Narcotics Designation Update – Posted: February 2, 2023
- Russia-related Designations – Posted: December 22, 2022
Iran-related Designations; Russia-related Designations; Global Magnitsky Designation – Posted: October 26, 2022
Russia-related Designations – Posted: October 19, 2022
Issuance of Russia-related General License – Posted: October 17, 2022
- A Message for the SWIFT Community – Updated: March 12, 2022
- IMF Statement on the Economic Impact of War in Ukraine – Posted: March 5, 2022
- World Bank Group Statement on Russia and Belarus – Posted: March 2, 2022
- EBRD Statement on Russia and Belarus – Posted: February 25, 2022
- ICC Statement on Russia-Ukraine Conflict – Posted: February 24, 2022
Jurisdictional Resources on Russian Sanctions
Australia
- Ministry of Foreign Affairs of Australia, Further Sanctions on Russia – Posted: March 8, 2022
- Australian Department of Foreign Affairs and Trade, Russia Sanctions Regime – Posted: February 24, 2022
Canada
- Consolidated Canadian Autonomous Sanctions List – Posted: March 7, 2022
- Government of Canada, Regulations Amending the Special Economic Measures (Russia) Regulations – Posted: March 6, 2022
- Canada Sanctions Relating to Russia – Posted: February 24, 2022
European Union
- EU Adopts Fifth Round of Sanctions Against Russia Over its Military Aggression Against Ukraine – Posted: April 8, 2022
- EU Agrees to Exclude Key Russian Banks from SWIFT – Posted: March 2, 2022
- EU Restrictive Measures in Response to the Crisis in Ukraine – Posted: February 25, 2022
Iceland
- Government of Iceland, Further Solidarity Measures for Ukraine – Posted: February 27, 2022
Israel
- Statement from Israeli Foreign Minister Lapid Condemning the Russian Invasion of Ukraine – Posted: March 14, 2022
Japan
- Government of Japan, Response Following Russian Aggression Against Ukraine – Posted: March 11, 2022
Liechtenstein
- Liechtenstein Finance Sector Implementing Sanctions Against Russia – Posted: March 8, 2022
New Zealand
- Government of New Zealand, Response Measures to the Russian Invasion of Ukraine – Posted: February 28, 2022
Norway
- Norwegian Ministry of Foreign Affairs, War Against Ukraine Affects Relations with Russia – Posted: March 5, 2022
Singapore
- Monetary Authority of Singapore, Financial Measures in Relation to Russia – Posted: March 14, 2022
- Singaporean Ministry of Foreign Affairs Statement on the Situation in Ukraine – Posted: February 28, 2022
South Korea
- Korean Government’s Decision Regarding Situation in Ukraine – Posted: February 28, 2022
Switzerland
- Switzerland Adopts EU Sanctions Against Russia – Posted: February 28, 2022
United Kingdom
- UK Sanctions Relating to Russia – Updated: March 8, 2022
- UK Sanctions Relating to Russia – Posted: February 24, 2022
United States
- 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
- American Bankers Association, Russian Invasion of Ukraine Resources Hub – Updated: March 11, 2022
- White House Joint Statement by the G7 Announcing Further Economic Costs on Russia – Posted: March 11, 2022
- Ukraine-/ Russia-Related Sanctions – Posted: February 21, 2022
Jurisdictional Resources on Venezuelan 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 Venezuela’s signing of an Electoral Roadmap agreement between Venezuela’s Unitary Platform and representatives of Maduro, and in support of the Venezuelan people.
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.
United States
- U.S. Department of the Treasury Issues New Venezuela General Licenses in Response to Electoral Roadmap
– Posted: October 18, 2023
