Although the European Union and the United Kingdom did not introduce new sanctions against Russia over the summer, they extensively focused on the implementation of the existing measures and their enforcement. This week,...more
10/8/2024
/ Court of Justice of the European Union (CJEU) ,
Due Diligence ,
Economic Sanctions ,
Enforcement Actions ,
EU ,
European Commission ,
Evasion ,
Frozen Assets ,
Licensing Rules ,
Penalties ,
Reporting Requirements ,
Russia ,
Sanction Violations ,
UK ,
Ukraine
On June 24, 2024, the European Union adopted its 14th sanctions package (implemented by EU Regulations 2024/1745 and 2024/1739). While the focus of this package was to curb the violation and circumvention of sanctions through...more
7/8/2024
/ Asset Freeze ,
Divestment ,
Energy Sector ,
Enforcement ,
EU ,
Exports ,
Financial Services Industry ,
Russia ,
Sanctions ,
Transportation Industry ,
UK ,
Ukraine
From June 20, 2024, EU companies with a presence in Russia will no longer be able to rely on the “partner countries” exemption and will be required to obtain, or rely on, a licence to provide business services and/or software...more
6/7/2024
/ Economic Sanctions ,
EU ,
France ,
General Licenses ,
Germany ,
Italy ,
Member State ,
Russia ,
Sanctions ,
Technology Sector ,
UK ,
Ukraine
The European Union and the United Kingdom continue to tighten sanctions against Russia, particularly in the wake of the second anniversary of Russia’s invasion of Ukraine and the sudden death of Russian opposition leader...more
4/8/2024
/ Asset Freeze ,
Economic Sanctions ,
EU ,
Foreign Policy ,
Imports ,
International Trade ,
Popular ,
Russia ,
Sanctions ,
UK ,
Ukraine
In response to Russia’s further aggression against Ukraine and its illegal annexation of the Donetsk, Kherson, Luhansk and Zaporizhzhia regions (the Occupied Regions), the European Union (EU) has adopted a new sanctions...more
10/10/2022
/ Corporate Counsel ,
Economic Sanctions ,
EU ,
Export Controls ,
Exports ,
General Licenses ,
Imports ,
Russia ,
Trade Restrictions ,
UK ,
Ukraine
The United Kingdom (UK) is imposing new sanctions on Russia almost daily in response to the ongoing and deteriorating situation in Ukraine. The newest measures include asset freezes, economic prohibitions, and other trade and...more
On 24 and 25 February 2022, the European Union (EU) imposed additional extensive sanctions on Russia—and new ones on Belarus—in response to the Russian invasion of Ukraine. In this On the Subject, our trade and sanctions team...more
3/1/2022
/ Asset Freeze ,
Banks ,
Belarus ,
Economic Sanctions ,
EU ,
Export Controls ,
Exports ,
Financial Institutions ,
Financial Services Industry ,
Prohibited Transactions ,
Russia ,
Trade Relations ,
UK ,
Ukraine
The Russian invasion of Ukraine has triggered swift international retribution. Global powers—including the European Union (EU), the United Kingdom (UK) and the United States (US)—have announced sanctions as the crisis in...more
2/25/2022
/ Asset Freeze ,
Cyber Attacks ,
Economic Sanctions ,
EU ,
European Commission ,
Executive Orders ,
General Licenses ,
Human Rights ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Trade Bans ,
UK ,
Ukraine