On 24 June 2024, the EU adopted its 14th package of sanctions against Russia. The latest measures include: The designation of 116 additional individuals and entities across a number of industries for their responsibility in...more
7/10/2024
/ Asset Freeze ,
Corporate Counsel ,
Economic Sanctions ,
Energy Sector ,
EU ,
Export Controls ,
Exports ,
Financial Services Industry ,
Foreign Policy ,
Importers ,
Imports ,
Natural Gas ,
Russia ,
Ukraine ,
Vessels
The United Kingdom (“UK”) introduced new sanctions against Russia on December 14, 2023 with the European Union (“EU”) also adopting its 12th package of sanctions against Russia on December 18, 2023....more
This post marks the third entry in our Year-in-Review series. For prior posts, click here. Many of the first measures that the United States, European Union and United Kingdom collectively took against Russia in 2022 related...more
This post marks the second entry in our Year-in-Review series. For prior posts, click here. Few sectors have been more affected by the sanctions on Russia than the energy industry....more
On February 24, 2022, the United States (U.S.), European Union (EU), United Kingdom (UK), and other countries issued a barrage of sanctions against the Russian financial sector, cutting off many major banks from the global...more
U’s Ninth Package - On Friday 16 December 2022 the EU issued its ninth package of sanctions against Russia. Under the new package: Asset freezes have been imposed against 174 new individuals and entities including National...more
The EU has published its eighth package of measures and the UK has published a number of new regulations to implement previously announced measures. Split across four regulations, the EU’s eighth package: Introduces new...more
In the final few days of September, the U.S. and global allies issued a number of sanctions and export controls against actors who have supported Russia’s referendums in Ukraine and related attempts to annex four Ukrainian...more
EU update - On July 21, 2022, the EU published its “maintenance and alignment” package of sanctions. This latest package seeks to tighten existing sanctions, perfect their implementation, and strengthen their effectiveness. ...more
EU introduces a sixth package of sanctions On 3 June 2022, the EU adopted a sixth package of sanctions against Russia which includes economic, individual, media and diplomatic measures....more
EU introduces a fifth package of measures - New asset freezes - On 8 April 2022, the EU published a fifth round of measures against Russia and Belarus. Spread across four regulations, the new measures include additional...more
UK DEVELOPMENTS - Further designations - On 10 March 2022, the UK Government added a further seven oligarchs to its list of sanctions targets, including the owner of Chelsea football club, Roman Abramovich. ...more
On February 27, 2022, the U.S., UK, and EU announced their agreement that certain Russian banks would be delisted from the Belgian-based Society for Worldwide Interbank Financial Telecommunication (SWIFT). ...more
3/8/2022
/ Delisting ,
Economic Sanctions ,
EU ,
Financial Institutions ,
Financial Transactions ,
Foreign Relations ,
General Licenses ,
Military Conflict ,
Russia ,
SWIFT ,
UK ,
Ukraine
The EU and UK have imposed additional export controls and sanctions with respect to Russia and Belarus connected to the Russian invasion of Ukraine. Below is a summary of key developments over recent days since our last blog...more
3/3/2022
/ Airspace ,
Asset Freeze ,
Belarus ,
Belarus Sanctions ,
Economic Sanctions ,
Export Controls ,
Foreign Relations ,
Proposed Legislation ,
Russia ,
UK ,
Ukraine
As the Russian invasion of Ukraine continues, the global pressure on the Putin regime intensifies with the EU issuing additional sanctions and export controls on Friday evening (February 25). The legislation implementing the...more
3/1/2022
/ Asset Freeze ,
Blocked Person ,
Economic Sanctions ,
EU ,
Export Controls ,
Exports ,
Financial Institutions ,
Foreign Policy ,
General Licenses ,
Office of Financial Sanctions Implementation (OFSI) ,
Russia ,
UK ,
Ukraine
The EU and UK have imposed further sanctions in response to the invasion of Ukraine and the recognition by Russia of the Donetsk and Luhansk People’s Republics (“DNR” and “LNR”) of Ukraine as independent territories....more
Despite months of posturing and growing geopolitical tensions, Russia’s full-scale invasion of Ukraine this week was a shock to the global community. Western leaders have been swift and unanimous in their response, condemning...more
2/28/2022
/ Anti-Money Laundering ,
Asset Freeze ,
Biden Administration ,
Bureau of Industry and Security (BIS) ,
ECCNs ,
Economic Sanctions ,
EU ,
Executive Orders ,
Export Administration Regulations (EAR) ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
UK ,
Ukraine