Accuity analysed sanctions data from core regulators to reveal trends in policy during the last quarter of 2020, as well as identifying highlights from the full year.
As the world was unsettled by the Covid-19 pandemic, with unprecedented social and political consequences, the leading sanctions issuing bodies remained active.
- The U.S. election coincided with an acceleration of new OFAC designations, reflecting the final efforts of the Trump Administration to put pressure on adversary countries, particularly Iran.
- In Q4, the EU took significant action on Belarus in response to the “brutality of the Belarusian authorities and in support of the democratic rights of the Belarusian people”.
- The UN’s sanctions activity decreased throughout 2020, either reflecting a shift in priorities due to the pandemic or growing divergence in major powers’ international policy agendas.
View the Sanctions Pulse infographic to learn more about sanctions indicators shown by major regulators.