UN, US, EU, and Switzerland impose tough new sanctions on North Korea as a result of its nuclear programme

March 7, 2016 By Sunny Mann, Ross L. Denton, Philippe M. Reich, Steven F. Hill, Hannah N. Zarkar and Joseph A Schoorl 4 Mins Read

Introduction

Following the Democratic People’s Republic of Korea’s (“DPRK” or “North Korea“) latest nuclear test and rocket launch on 6 January 2016 and 7 February 2016 respectively, the UN Security Council (“UNSC“) unanimously adopted Resolution 2270 (2016) (the “UN Resolution“) on 2 March 2016.

The UN Resolution contains far-reaching sanctions aimed at cutting off funds for DPRK’s nuclear and other banned weapons programmes, whilst avoiding “adverse humanitarian consequences” for civilians. The UN Resolution adds sectoral sanctions, broadens the scope of the existing financial sanctions and arms embargo, imposes new measures targeting proliferation networks, and expands the list of designated individuals and entities.

Deadline to implement “no Russia clause” under the EU’s 12th package.

March 1, 2024 By Andrew Rose, Adeel Haque and Ryan McGrath 3 Mins Read

As part of the EU’s 12th package of sanctions against Russia, adopted on 19 December 2023 (see our previous blog post here), the EU introduced a requirement under Article 12g of Regulation 833/2014 which requires EU exporters to include wording in certain goods contracts prohibiting the re-export of the goods to Russia and providing for “adequate remedies” in the event of a breach, in order to combat the circumvention of EU export bans and more…

Several jurisdictions announce new sanctions on the eve of the 2-year anniversary of Russia’s invasion of Ukraine and in the wake of Navalny’s death: view from the US, EU, UK, Australia, and Canada

February 26, 2024 By Kerry B. Contini, Alexandre (Alex) Lamy, Olof Konig, Emily Thomson, Anne L. Petterd, Jacqueline Rotondi and Jing Xu 13 Mins Read

The leader of Russia’s political opposition, Alexei Navalny, died in a Siberian prison on February 16, just over a week before the two-year anniversary of Russia’s full-scale invasion of Ukraine on February 24. Both Navalny’s death and the anniversary of the invasion were cited as the motivations behind the latest rounds of sanctions against Russia. Members of our global sanctions team in our offices in the US, UK, Sweden, Australia, and Canada summarize the latest…

Sanctions Enforcement Around the World: US, UK, EU, and Japan Coordinate on Updated Common High-Priority Items Lists

September 27, 2023 By Sunny Mann, Kerry B. Contini, Junko Suetomi and Jemima Ford 2 Mins Read

Introduction During September 2023, the US, UK, and EU, and Japan, updated their Common High Priority Items Lists (“the List(s)”), with seven new Harmonized System (“HS”) codes. These coordinated Lists are composed of items identified as critical to Russia’s war effort, weapons systems and military development. The Lists highlight to businesses that there is a particularly high risk these sanctioned items may be the target of sanctions circumvention and possible diversion to Russia. Companies can…