On 6 June 2019, OFSI published guidance (available here) on the financial sanctions regime against Russia, which would apply if the UK leaves the EU without a deal and would be implemented through the Russia (Sanctions)(EU Exit) Regulations 2019 (the “Regulations”). The Regulations follow the the existing EU sanctions regime by imposing asset freezes in relation to designated persons, payment processing restrictions, financial services and investment restrictions, prohibitions on loan and credit arrangements and restrictions on Crimea-related investments.
About Ross L. Denton
Ross Denton is a Partner in the Firm’s EU, Competition and Trade Department in London. Ross was the former head of the Firm’s International Trade and WTO Practice Group, and now serves on the Firm’s Cartel Task Force. Ross also heads up the European Trade practice for the Firm. Ross routinely advises US and Japanese multinational corporations on competition law, export controls and sanctions, customs, bribery and corruption, and public procurement. Ross is a key member of the London office Anti-Bribery and Corruption Unit. Ross regularly speaks on trade and cartel issues, and has published widely on compliance related issues. He is a member of the UK Customs Practitioners Group.