Search

Security Council Removes Entry from Sanctions List

The UN Security Council's 1518 Sanctions Committee has removed one entry from its sanctions list. This action follows a review of listed individuals or entities subject to sanctions measures.

Security Council Sanctions Committee Update

The UN Security Council Sanctions Committee provided an update on its sanctions list on March 10, 2026. This notice details amendments and additions to the list of individuals and entities subject to sanctions under Resolution 1988.

OFAC Issues Russia-related General License 134 on Crude Oil

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued Russia-related General License 134, authorizing the delivery and sale of crude oil and petroleum products of Russian Federation origin loaded on vessels as of March 12, 2026. This license provides specific exceptions to sanctions for certain oil transactions.

EU Council Press Briefings for Transport, Energy, and Environment Councils

The Council of the EU has issued a media advisory for press briefings preceding the Transport, Telecommunications and Energy Council (Energy) on March 16 and the Environment Council on March 17, 2026. Journalists are invited to register for a hybrid format briefing by March 13, 2026.

European Council Invitation: Middle East, Ukraine, Competitiveness, MFF

European Council President António Costa has invited members to a meeting on March 19-20, 2026, to discuss the Middle East escalation, Ukraine, strategic competitiveness, the Multiannual Financial Framework, defense readiness, and migration. The invitation outlines key agenda items and the urgency of coordinated responses.

Press Briefing for General Affairs Council

The Council of the EU has issued a media advisory for a press briefing concerning the General Affairs Council meeting on March 17, 2026. The briefing will take place on March 13, 2026, and is designated as 'off the record'. Journalists must register by March 13, 2025, to participate.

EU Statement on Countries Aligning with Terrorist List Update

The EU has issued a statement noting that several non-EU countries have aligned with a recent Council Decision updating the EU's terrorist list. This alignment means these countries will conform their national policies to the updated list of individuals and entities subject to restrictive measures.

EU Statement on Restrictive Measures Against Terrorism

The EU has issued a statement regarding Council Decision (CFSP) 2026/455, which updates restrictive measures to combat terrorism. This decision repeals previous articles and expands the scope for imposing measures against individuals and entities associated with terrorist acts.

OFAC Designations and Removals - Counter Terrorism, North Korea, Narcotics

The US Treasury's Office of Foreign Assets Control (OFAC) has updated its Specially Designated Nationals (SDN) List with new designations related to counter-terrorism, North Korea, and narcotics. These updates include adding individuals involved in facilitating North Korea sanctions evasion and disrupting illicit networks.

USTR Section 301 Investigations into Excess Capacity

The U.S. Trade Representative (USTR) has initiated Section 301 investigations into structural excess capacity and production in 16 economies. The USTR is seeking public comments on these investigations, with a deadline of April 15, 2026.

Press Briefing for Foreign Affairs Council

The Council of the EU announced a press briefing for the Foreign Affairs Council meeting on March 16, 2026. The briefing will be held on March 13, 2026, and is 'off the record'. Journalists must register by March 13, 2026, at 14:00.

EU Council President Costa and Azerbaijan President Aliyev Meet

European Council President António Costa met with Azerbaijan President Ilham Aliyev to discuss deepening political dialogue and practical cooperation. The leaders reaffirmed their commitment to a new comprehensive bilateral agreement and highlighted Azerbaijan's role in energy security and regional connectivity.

EU Council Agrees Negotiating Position on Fisheries and Aquaculture Statistics Framework

The Council of the EU has agreed on a negotiating position for a new regulation on fisheries and aquaculture statistics. This framework aims to modernise data collection, replace five existing regulations, and improve the use of digital technologies. Negotiations with the European Parliament are expected to begin later in 2026.

Eurogroup President Reports on Euro Area Economy to Euro Summit

The President of the Eurogroup has submitted a report to the President of the Euro Summit detailing the state of the euro area economy and upcoming work priorities. The report covers topics such as international cooperation, the strengthening of the euro's international role, and the acceleration of the savings and investments union.

Eurogroup President Visits Netherlands for Economic Talks

Eurogroup President Kyriakos Pierrakakis visited the Netherlands on March 11, 2026, to discuss macroeconomic conditions and Eurogroup priorities with national authorities, including digital finance and the Savings and Investments Union. Meetings were held with the Dutch Minister of Finance and the President of the Dutch Central Bank.

EU Council President Remarks on Azerbaijan Meeting

European Council President António Costa made press remarks following a meeting with Azerbaijan's President Ilham Aliyev on March 11, 2026. The remarks highlighted strengthened cooperation in security, energy, digital, and transport, and expressed EU solidarity with Azerbaijan amidst regional geopolitical challenges.

Sanctions Ordinance Against Taliban-Associated Individuals and Groups

Switzerland has updated its sanctions ordinance against individuals and groups associated with the Taliban, following amendments by the UN sanctions committee. The SESAM database has been updated, and formal corrections were made to existing entries.

EU Ambassadors Conference Speech by President António Costa

President António Costa delivered a speech at the EU Ambassadors Conference on March 10, 2026, emphasizing the importance of a unified EU foreign policy in a multipolar world. He highlighted the need to defend the rules-based international order and address global challenges, including conflicts in Ukraine and the Middle East.

Sanctions: Ordinance against Iran amended

Switzerland's Federal Department of Economic Affairs amended annexes to the ordinance on measures against the Islamic Republic of Iran, effective March 10, 2026. The content of the list of goods in annex 3 was also completed. These amendments update existing sanctions measures.

UK Sanctions Enforcement: Cross-Government Strategic Approach

The UK government has published its strategic approach to sanctions enforcement, outlining key principles and the roles of various departments. This policy paper emphasizes the importance of strong compliance and details potential consequences for non-compliance.

Council Recommendation on Tackling Skills Shortages

The Council of the EU has adopted a recommendation to help member states tackle labour and skills shortages in strategic sectors. This non-binding guidance aims to boost competitiveness and resilience by investing in people's knowledge and skills, addressing challenges in areas like digital technologies, health, and farming.

Macroeconomic Dialogue with Social Partners on AI and Labour Market

The Council of the EU, European Central Bank, European Commission, and Eurogroup met with European social partners on March 9, 2026, to discuss the economic situation and the impact of Artificial Intelligence on the EU labour market. The dialogue focused on safeguarding EU competitiveness and social cohesion amidst geopolitical tensions and economic uncertainties.

Eurogroup Meeting Remarks on Macroeconomic Developments and Middle East Crisis

Remarks following the Eurogroup meeting on March 9, 2026, addressed macroeconomic developments, the impact of the Middle East crisis on energy markets and inflation, and the need to accelerate the energy transition and strengthen Europe's strategic autonomy. The meeting also endorsed Belgium's draft budgetary plan for 2026.

Andrés Ritter Confirmed as European Chief Prosecutor

The Council of the EU has confirmed the appointment of Andrés Ritter as the new European Chief Prosecutor for the European Public Prosecutor's Office (EPPO). His term begins on November 1, 2026, succeeding Laura Codruța Kövesi. The EPPO investigates crimes against the financial interests of the EU.

Eurogroup Statement on Belgian Draft Budgetary Plan for 2026

The Eurogroup has welcomed Belgium's draft budgetary plan for 2026, noting its compliance with the Stability and Growth Pact. The group will continue to monitor economic and fiscal developments in Belgium and across the EU.

EU Leaders Discuss Iran War, Regional Attacks, and Energy Security

EU leaders discussed the war in Iran, regional attacks, and energy security with Middle Eastern countries. The statement condemned attacks, expressed solidarity, and announced humanitarian aid for Lebanon, while reaffirming commitment to regional stability and maritime operations.

Council Calls for Greater Efforts to Combat Child Poverty

The Council of the EU has adopted conclusions calling for increased support to combat child poverty and enhance child well-being. The conclusions emphasize the economic benefits of investing in children and urge member states and the Commission to ensure adequate funding and targeted policies, aiming for five million fewer children at risk of poverty or social exclusion by 2030.

OFAC Adds Sudanese Muslim Brotherhood to SDN List

The US Treasury Department's Office of Foreign Assets Control (OFAC) has added the Sudanese Muslim Brotherhood to its Specially Designated Nationals (SDN) List. This action imposes sanctions on the entity and carries secondary sanctions risk under Executive Order 13224, as amended.

OFAC Venezuela-Related General License 51

The Office of Foreign Assets Control (OFAC) has issued Venezuela-related General License 51, authorizing certain activities involving Venezuelan-origin gold. This license provides specific exemptions to sanctions regulations for authorized transactions.

European Council President Costa to Visit Baku

The European Council announced that President Costa will visit Baku on March 11 for high-level meetings with Azerbaijani officials. Discussions will focus on energy cooperation and the geopolitical situation in the Middle East, highlighting Azerbaijan's strategic importance to the EU.

EU Council Meetings: AI, Poverty, Human Capital, and Geopolitics

The EU Council has released a forward look detailing key topics for meetings between March 9-22, 2026. Discussions will cover AI's impact on jobs, poverty reduction, economic and financial affairs, foreign policy including Ukraine and the Middle East, energy, environmental standards, and the next Multiannual Financial Framework.

Social Policy Council Meeting Advisory

The Council of the EU has issued a media advisory for the upcoming Social Policy Council meeting on March 9, 2026. The advisory outlines the indicative programme, including discussions on gender equality, anti-racism strategies, child well-being, and the European Semester.

President's Weekly Schedule

The European Council has published the weekly schedule for President António Costa for March 9-11, 2026. The schedule includes a video conference with Middle East leaders, a speech at the Annual Ambassadors Conference, and an official visit to Baku, Azerbaijan.

Media Advisory: Eurogroup and Econ/Fin Council Meetings March 2026

The Council of the EU has issued a media advisory for upcoming Eurogroup and Economic and Financial Affairs (Ecofin) Council meetings scheduled for March 9-10, 2026. The advisory outlines the indicative programmes for these meetings, which will cover macroeconomic developments, fiscal plans, digital finance, and the economic impact of geopolitical events.

António Costa Keynote Speech at Hamburg Matthiae Mahl Event

European Council President António Costa delivered a keynote speech at the Matthiae Mahl event in Hamburg on March 6, 2026. The speech touched upon European history, the role of cities, the EU's commitment to democracy and the rule of law, and the current geopolitical situation, including the conflict in the Middle East.

OFAC Removes Russia-Related Entity from SDN List

The US Treasury Department's Office of Foreign Assets Control (OFAC) has removed GLOBE TREKKERS LLC from the Specially Designated Nationals (SDN) List. This action is a designation removal under Executive Order 14024, with a related license issued for the United Arab Emirates.

OFAC Venezuela Removals and Russia General License Update

The Office of Foreign Assets Control (OFAC) has removed certain entities and vessels from the Specially Designated Nationals (SDN) List related to Venezuela. Additionally, OFAC issued an amended Russia-related General License 129A, authorizing certain transactions involving Rosneft Deutschland GmbH and RN Refining & Marketing GmbH.

OFAC Issues Russia Oil License and Amends Venezuela Oil FAQ

The US Department of the Treasury's OFAC has issued Russia-related General License 133, authorizing the delivery and sale of Russian crude oil loaded on vessels as of March 5, 2026, to India. OFAC also amended a Venezuela-related FAQ concerning the resale of Venezuelan oil to Cuba.

EU Oil Price Cap FAQs on Russia/Belarus Sanctions

The European Commission has published Frequently Asked Questions (FAQs) regarding the oil price cap on Russian and Belarusian crude oil and petroleum products. These FAQs aim to clarify compliance requirements and address potential circumvention risks associated with the sanctions regime.

EU-GCC Joint Statement on Iran's Attacks Against GCC States

The EU and GCC foreign ministers issued a joint statement condemning Iran's attacks against GCC states and reaffirming their strategic partnership. The statement calls for Iran to cease attacks, reiterates commitments to regional stability, and affirms the GCC's right to self-defense.

Press Briefing for Economic and Financial Affairs Council

The Council of the EU has issued a media advisory for a press briefing preceding the Economic and Financial Affairs Council meeting on March 10, 2026. The briefing will be held on March 9, 2026, and is open to EU accredited journalists.

EU Statement on Third Countries Aligning with Russia Sanctions

The EU has announced that eight third countries (Albania, Bosnia and Herzegovina, Iceland, Liechtenstein, Moldova, Montenegro, North Macedonia, Norway, and Ukraine) have aligned with the EU's restrictive measures concerning Russia. This alignment ensures their national policies conform to the EU's Council Decision (CFSP) 2026/432, which added eight natural persons to the sanctions list.

EU Law to Protect Vulnerable Adults in Cross-Border Situations

The Council of the EU has agreed on a new law to protect the rights of vulnerable adults in cross-border situations within the EU. This regulation aims to ensure that adults who require support due to conditions like Alzheimer's have their autonomy and choices respected when moving between member states.

EU Farmers' Negotiating Position in Food Supply Chain Strengthened

The EU Council and Parliament have reached a provisional agreement to amend regulations governing agricultural products and the common agricultural policy. This aims to strengthen farmers' negotiating position in the food supply chain through measures like mandatory written contracts and enhanced producer organizations.

Bank of Scotland Fined for Russia Sanctions Breaches

The Office of Financial Sanctions Implementation (OFSI) has imposed a £160,000 penalty on Bank of Scotland for breaches of the Russia (Sanctions) (EU Exit) Regulations 2019. The breaches involved processing 24 payments totalling £77,383.39 to or from a designated individual's account.

OFSI Report on Vanquis Bank Limited Financial Sanctions Breach

The Office of Financial Sanctions Implementation (OFSI) issued a report against Vanquis Bank Limited (VBL) for breaching financial sanctions regulations. VBL failed to restrict access to a designated person's account for eight days, allowing fund withdrawal and transactions. OFSI deemed the breach moderately severe but not serious enough for a monetary penalty, opting for public disclosure.

OFSI Fines Svarog Shipping £5,000 for Sanctions Non-Compliance

The Office of Financial Sanctions Implementation (OFSI) has imposed a £5,000 monetary penalty on Svarog Shipping & Trading Company Limited for failing to respond to a regulatory request within the required timeframe. This action stems from a breach of the Russia (Sanctions) (EU Exit) Regulations 2019.

OFSI Imposes £300,000 Penalty on Markom Management Limited

The UK's Office of Financial Sanctions Implementation (OFSI) has imposed a £300,000 penalty on Markom Management Limited (MML) for breaching financial sanctions legislation related to the Ukraine Regulations. The penalty stems from a payment made to a designated person in February 2018.

Lukoil Bulgaria Entities General Licence Continuation of Business

HM Treasury has amended the General Licence concerning the continuation of business for Lukoil Bulgaria entities. This amendment extends the licence, allowing specified business operations to continue under certain conditions until February 13, 2026.

Myanmar Humanitarian Activity General Licence

The UK has issued a General Licence (INT/2025/8257372) under the Myanmar (Sanctions) Regulations 2021 and the Global Human Rights Regulations 2020. This licence exempts certain 'Relevant Persons' from prohibitions when carrying out activities necessary for humanitarian assistance and supporting basic human needs in Myanmar.