In accordance with the EU’s plan to achieve full energy independence from Russia, the European Commission (“Commission”) has, on May 6, 2025, unveiled the Repower Roadmap.1Under the terms of this proposal, imports of Russian...more
On April 2, 2025, after weeks of speculation and heightened geopolitical tension, President Trump announced sweeping global tariffs on what he dubbed “Liberation Day”. The tariffs included a baseline universal tariff of 10%...more
In the context of the third anniversary of Russia’s invasion of Ukraine, the U.S., EU, and U.K. continue to implement new measures to stifle Russia’s war efforts.
The Biden administration continued to escalate sanctions...more
3/12/2025
/ CAATSA ,
Economic Sanctions ,
Energy Sector ,
EU ,
Executive Orders ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Popular ,
Russia ,
Trump Administration ,
U.S. Treasury ,
UK
In light of the ongoing Russian invasion of Ukraine, the UK and EU, in close collaboration with their G7 partners, have continued to exert economic pressure on Russia through an array of sanctions.
In this bulletin, we...more
Three decisions in recent weeks have demonstrated the breadth of the UK Government’s sanctions-related powers and underline a push by the UK to demonstrate the robustness of its sanctions and a focus on their enforcement....more
9/8/2023
/ Asset Freeze ,
Economic Sanctions ,
Enforcement Actions ,
EU ,
Export Controls ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
HMRC ,
Russia ,
Trade Relations ,
UK
G7 governments continue to seek ways to increase the effectiveness of their sanctions on Russia by clamping down on sanctions circumvention....more
Updated guidance regarding the enforcement of financial sanctions from the UK’s Office of Financial Sanctions Implementation (OFSI) was published on 16 March 2023. The guidance, which sits alongside OFSI’s general guidance on...more
The UK’s Office of Financial Sanctions Implementation (OFSI) published updated guidance regarding the enforcement of financial sanctions on 16 March 2023. The guidance, which sits alongside OFSI’s general guidance on...more
To mark the one-year anniversary of Russia’s full-scale invasion of Ukraine, the EU and the UK, in parallel with other G7 members, released a new round of sanctions against Russia. In this bulletin we provide a high-level...more
The High Court in London has issued a number of judgments in recent weeks that consider the implications of the sanctions that have been imposed on Russia in the last 12 months. In this article, we provide an overview of the...more
At the close of 2022, and with the war in Ukraine entering its tenth month, the EU and the UK adopted further sanctions packages against Russia.
The latest sanctions packages include further asset freezes, an EU...more
With a ninth sanctions package against Russia in the making, the EU’s sustained response to the war in Ukraine has demonstrated that sanctions will remain at the forefront of EU policymaking. The array of sanctions adopted...more
The UK Government has introduced two further packages of sanctions against Russia in quick succession....more
On 6 October 2022, the European Union published its eighth package of sanctions against Russia. This responds to the organisation of ‘referenda’ in the Donetsk, Kherson, Luhansk and Zaporizhzhia regions, the annexation of...more
In the past week, the UK has further tightened its sanctions targeting Russia. The new sanctions include the introduction of new trade-related restrictions on a wide variety of goods (including gold, oil, coal and “G7...more
In the past weeks, the UK and EU regulatory authorities have made a series of announcements in relation to the enforcement of sanctions....more
In the past week, the UK Government has made a series of announcements in relation to the enforcement of financial sanctions in the UK....more
Over the last three months, the EU has imposed unprecedented sanctions against Russia and Belarus in response to the war in Ukraine (see our dedicated collection here). While adopting further sanctions is getting ever more...more
In response to events in Ukraine, the EU and the UK have continued to announce further and more extensive sanctions on Russia. In this bulletin, we set out an overview of the three EU sanctions packages announced to date, and...more
In response to the Russian Federation’s formal recognition of two regions in Eastern Ukraine – Donetsk and Luhansk – as independent states, earlier this week the EU and the UK adopted an initial package of new sanctions...more
On 26 April 2021, the UK Government announced a new sanctions regime specifically targeting corruption. Following the introduction of the Global Anti-Corruption Sanctions Regulations 2021 (the Regulations), the UK Government...more
The Biden administration has issued new sanctions on Russian individuals and entities as well as prohibitions on US financial institutions' transactions with Russia's Central Bank, National Wealth Fund, and Ministry of...more
An ambitious plan to enhance the geopolitical strength of the EU?
On 19 January 2021, the European Commission presented its new strategy to foster the “openness, strength and resilience” of the EU’s economic and financial...more
On January 9, 2021, the PRC Ministry of Commerce (“MOFCOM”) issued the Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures (the “Rules”). -
The Rules, along with the...more
In a much-anticipated move, on 7 December 2020, the Council of the European Union adopted a Council Decision and a Council Regulation establishing the EU’s global human rights sanctions regime (the GHRSR). ...more