In March and May 2014, the Australian Government announced it would impose targeted financial sanctions and travel bans against particular individuals and entities in Russia and Ukraine. A link to our previous blog post on this is here. On 19 June 2014 the list of designated persons and entities was updated to include a Ukraine List. Some 50 individuals and 11 entities have been named in the Ukraine List, which can be viewed here. As…
On 23 June 2014, the EU Council published a decision to prohibit the import into the EU of goods originating from Crimea or Sevastopol. The ban also extends to the direct or indirect provision of financing or financial assistance, as well as insurance and reinsurance services related to these goods. These restrictions, however, do not apply to those goods originating in Crimea or Sevastopol which have been made available to the Ukrainian authorities for examination,…
Sanctions implemented by Japan against Russia have recently come into spotlight further to the announced official visit to Japan of the Speaker of the State Duma lower house of Parliament, Sergei Naryshkin. To date, the Japanese government’s sanctions against Russia have developed as follows: On 18 March 2014, the Japanese government announced the following measures against Russia: to suspend consultation for relaxing visa regulations; and to freeze negotiations of: i. a new investment agreement; ii.…
Today the UK Department for Business Innovation & Skills (“BIS”) has implemented further suspensory measures against exports to Russian military. Effective immediately, BIS has issued Notice to Exporters 2014/15 (available here) which provides that, as a result of a recent review of licences, Russia has now been added to the list of prohibited destinations for the additional Open General Export Licence (Export After Exhibition or Demonstration: Military Goods). Thus, going forward, a Standard Individual Export Licence will…