News & Analysis as of

Ukraine Energy Sector European Union

Latham & Watkins LLP

Sanctions Update EU and UK Tighten Restrictions on Russian Oil and Provision of Software to Russia

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During 18-19 July 2025, the EU unveiled its 18th “package” of sanctions launched against Russia since Russia’s invasion of Ukraine in February 2022. Among these measures, the EU seeks to close an apparent loophole by which...more

Mayer Brown

EU & UK Adopt New Sanctions Targeting Russia

Mayer Brown on

On May 20, 2025, the European Union ("EU") and the United Kingdom ("UK") adopted new sanctions targeting Russia, reflecting prior commitments to apply "further pressure on Russia to hinder its ability to wage its war of...more

Mayer Brown

Russia/Ukraine Sanctions Update - Month of April 2025

Mayer Brown on

I. U.S. SANCTIONS  - White House Reportedly Considering Lifting Sanctions on Russian Energy Assets: On April 23, Politico reported that the White House is debating lifting sanctions on Russia’s Nord Stream 2 natural gas...more

Skadden, Arps, Slate, Meagher & Flom LLP

Latest EU Sanctions Extend Asset Freezes, Restrict Oil Industry Dealings and Target ‘Shadow Fleet’

The European Union (EU) has reaffirmed its sanctions policy toward Russia by implementing two rounds of restrictive measures that are intended to further intensify pressure on Russia’s government and economy. Specifically,...more

Foley Hoag LLP

Adoption by the EU of the 16th Sanctions Package Against Russia: Key Takeaways

Foley Hoag LLP on

The 16th package of European economic sanctions adopted and published in the Official Journal of the European Union (hereinafter the “EU”) on 24 February 2025 came into force on 25 February 2025. This 16th package of...more

Mayer Brown

Russia/Ukraine Sanctions Update - Month of January 2025

Mayer Brown on

I.  US SANCTIONS - U.S. Department of the Treasury Takes Action Against Russian Efforts to Evade U.S. Sanctions: On January 15, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) designated...more

Flaster Greenberg PC

If Europe Freezes, Will Ukraine Burn?

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As I predicted might happen in a previous article, Ukrainian President Volodymyr Zelenskyy stopped Russia from exporting oil and natural gas pumped in Russia through pipelines traversing Ukraine to Austria, Hungary and other...more

Flaster Greenberg PC

Europe's Latest Energy Challenge - Expiring Russia/Ukraine Transit Agreement

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Despite being at war for almost three years, Russia has continued to ship natural gas via pipelines through Ukraine to other countries in Europe. That has kept money flowing to both countries, which helps as they try to kill...more

Flaster Greenberg PC

Putin Faces Risks His Energy Holdings Cannot Prevent?

Flaster Greenberg PC on

As the Ukraine war progresses toward its third winter, Russian President Vladimir Putin finds himself besieged on numerous fronts. During the first 30 months of this conflict, Putin used his vast energy resources to hedge...more

Pillsbury - Global Trade & Sanctions Law

EU’s 14th Package of Sanctions on Russia

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

McDermott Will & Schulte

Quarterly Sanctions Update | Q2 2024

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

Venable LLP

New U.S. Sanctions Target Russia's Industrial Base, Additional Financial Institutions, and Technology Suppliers

Venable LLP on

Since the outset of the Russian aggression in Ukraine, the Biden administration has issued incremental sanctions targeting various sectors of the Russian economy, aimed at curbing Russia's ability to wage war against Ukraine....more

WilmerHale

Enhanced Global Russian Sanctions and Export Controls to Counter Circumvention

WilmerHale on

On May 19, in response to Russia’s ongoing invasion of Ukraine, the United States, in coordination with allies and partners, announced new sanctions restrictions and export controls targeting Russia’s evasion networks,...more

American Conference Institute (ACI)

[Event] European Forum on Global Economic Sanctions - June 1st - 2nd, Berlin, Germany

Hosted by C5 Group, the European Forum on Global Economic Sanctions is recognized as Europe's Premier, longstanding gathering for financial institutions and global exporters. The industry across Europe is confronting an...more

Bracewell LLP

Nigeria’s energy sector: looking back at 2022 and looking ahead in 2023

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We review the key events of 2022 in Nigeria’s energy sector – a year that saw significant steps in the implementation of PIA, intermittent M&A activity and the continuing effects of crude theft. We also consider what we can...more

J.S. Held

The Energy War in Europe: Gas and the Russian Oil Price Cap

J.S. Held on

In tandem with the military conflict in Ukraine, an equally aggressive campaign is being waged over the supply of gas and oil from Russia. On 5 September 2022, Russia gave up the pretence that solely technical problems...more

Ankura

How would a revived US-Iran nuclear deal change the sanctions landscape?

Ankura on

Talks between the U.S. and Iran to revitalize the nuclear deal may have stalled but they are far from dead. There is still optimism that the agreement to limit Iran’s ability to make weapons-grade uranium, in return for a...more

Flaster Greenberg PC

German Stance On Russian Energy Could Affect Future Of The Euro

Flaster Greenberg PC on

Since the execution of the Maastricht Treaty in 1992 that led to the establishment of the Euro single currency, different European Union countries have faced issues meeting the Treaty’s requirements to maintain the currency,...more

Latham & Watkins LLP

The Energy Regulation and Markets Law Review - 11th Edition - France

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In our 11th year of writing and publishing The Energy Regulation and Markets Review, the most pressing global concerns are inflation, supply chain concerns, the Ukraine war and continuing effects from the covid-19 pandemic....more

K2 Integrity

Sanctions Against Russia: The Week in Review - April 2022 - 4

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The Week in Review delivers the impact and analysis for the public, private, and non-profit sectors from our regular reporting of the evolving global sanctions campaign against Russia. This week, we reviewed the recent...more

K2 Integrity

Sanctions Against Russia: The Week in Review - April 2022 - 2

K2 Integrity on

The Week in Review delivers the impact and analysis for the public, private, and non-profit sectors from our regular reporting of the evolving global sanctions campaign against Russia. This week, we reviewed the recent...more

ArentFox Schiff

Biden Administration Rolls Out New Tranche of Sanctions on Russia Blocking Major Russian Banks and Elites and Prohibiting New...

ArentFox Schiff on

On Wednesday, April 6, 2022, the U.S. Government, in concert with the G7 and European Union, took significant additional sanctions actions against Russia “to impose severe and immediate economic costs on the Putin regime for...more

White & Case LLP

Switzerland Further Expands its Sanctions Against Russia

White & Case LLP on

On March 25, 2022, Switzerland adopted new measures against Russia, further reinforcing its sanctions set. These measures are in line with those adopted by the EU on March 9 and 15, 2022. The new sanctions entered into force...more

Latham & Watkins LLP

EU State aid temporary crisis framework in the context of the invasion of Ukraine

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On 23 March 2022, the European Commission (the Commission) adopted a Temporary Crisis Framework for State aid measures to support the economy following the invasion of Ukraine by Russia (the Temporary Crisis Framework), after...more

A&O Shearman

Russia’s Invasion of Ukraine: Impact on European Energy Markets and Disputes

A&O Shearman on

The military assault Russia launched against Ukraine on February 24, 2022 has been a destabilizing event of historic magnitude, its humanitarian, political and economic impacts reverberating far beyond the borders of Russia...more

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