DASKA: KEY TAKEAWAYS FROM THE LATEST US RUSSIA SANCTIONS BILL

On 20th February, Morrison Foerster published an article about the revised Defending American Security from Kremlin Aggression Act, or “DASKA” – a tough economic sanctions Bill.  It says that DASKA is intended to push the Trump Administration to confront Russia on a range of issues, including Russia’s continued interference in democratic processes in the US and abroad, malign influence in Syria, continued aggression toward Ukraine, and support of criminal organisations and other malicious actors in cyberspace.  Under DASKA, amongst other things, Congress would force the Administration to sanction billionaires (and others) linked to President Putin; and would require domestic title insurance companies to obtain, maintain, and report information on beneficial owners of entities that purchase high-value residential real estate in the US.

https://www.mofo.com/resources/publications/190220-daska-takeaways-russia-sanctions-bill.html

STRANDED BOEING JET SHOWS REACH OF IRAN SANCTIONS

On 21st February, the Seattle Times says that a Norwegian Air Shuttle Boeing 737 Max made an emergency landing on 14th December in Shiraz in Iran after developing engine problems while en route from Dubai to Oslo.  The plane has been grounded ever since as Norwegian, Boeing and others navigate through the US sanctions on Iran.  The passengers were flown out the next day, but the stricken plane has been grounded, though Norwegian Air initially imagined it would be a straightforward matter to fly in the needed parts.  The airline found itself seeking help from OFAC in the middle of the federal government shutdown.  Boeing has now received a licence from OFAC to assist with the repair, and GEC, the US partner in engine maker CFM International, will also have needed to obtain permission to ship the replacement powerplant.

https://www.seattletimes.com/business/boeing-aerospace/boeing-jet-stuck-in-city-of-poets-shows-reach-of-iran-sanctions/