The global economic sanctions landscape continued to evolve during the second quarter (Q2) of 2020. While COVID-19 did slow the introduction of new sanctions during the first half of Q2, regulation rebounded during the latter half of the quarter.
Key trends exhibited by major regulators included:
- Total changes to the OFAC list were up by 178% from the Q1 2020 changes count.
- OFAC and the EU saw greater regulatory convergence around country regimes, including Nicaragua and Venezuela, that are centered on human rights violation by government.
- The UN has been majorly inactive during this period in sanctions.
View the Sanctions Pulse infographic to learn more about sanctions indicators shown by major regulators.
