The Knowledge Group Has Scheduled a Live Webcast on Russia Sanctions Now
The Knowledge Group, a leading producer of regulatory-focused webcasts, announced today that it has scheduled a live webcast entitled: Russia Sanctions Now: What Just Changed, What It Means for Your Money Flows, and What To Do Next.
- (1888PressRelease) October 24, 2025 - This event is scheduled for Thursday, October 30, 2025, from 12:00 PM to 1:00 PM.
Executive summary
• OFAC’s authority to hit foreign financial institutions (FFIs) that support Russia’s war economy—via EO 14114’s amendments to EO 14024—is the defining compliance risk of 2024–25. Expect account restrictions or full blocking if you facilitate transactions for Russia’s military-industrial base (directly or indirectly).
• Licensing remains fluid. OFAC just extended GL 13O (admin transactions under Directive 4, EO 14024), and continues to fine-tune FAQs—small text changes but big operational consequences when banks rely on them.
• Energy & shipping are still prime targets. The January 10, 2025 package hit major oil firms, Sovcomflot’s fleet, and facilitators across insurers, traders, and logistics—raising costs and due-diligence burdens for anyone touching crude flows, freight, or maritime services.
• Case-by-case relief exists (e.g., NIS waiver for Serbia to Oct 8, 2025), illustrating how specific licenses/waivers can stabilize critical infrastructure while sanctions pressure remains. Use these as templates for risk-mitigating asks.
What’s new?
• GL 13O renewed (Sep 29, 2025) + FAQ 999 & 1118 tweaks → operations/legal should re-confirm what your bank labels as permissible “administrative transactions” with Directive 4-blocked banks; don’t assume your previous memos still hold.
• Continuing Russia designations (e.g., Sept 11, 2025 tranche) targeting individuals, entities, and vessels—keep screening logic updated to catch vessel renamings/IMO changes and affiliates.
• EU track (context for multinationals): the proposed 19th EU package contemplates phasing out Russian LNG by 2027 and new pressure on third-country trade and crypto facilitators—important for group-wide policies and EU-touching transactions.
Speakers/Faculty Panel
Aleksey Shtivelman
Partner
Shutts & Bowen LLP
For an updated list of the faculty panel, please visit:
https://knowlearninghub.com/courses/russia-sanctions-now-what-changed-what-to-do-cle-international-trade-law-webinar/
About The Knowledge Group
Founded in November 2006, The Knowledge Group has been at the forefront of providing quality continuing education programs for lawyers, accountants, financial executives, risk and compliance specialists, human resources professionals, technology officers, and business consultants in a wide range of industries.The Knowledge Group strives to be the best-in-class provider of continuing education by bringing forth relevant content you can’t get anywhere else.
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