The U.S. has recently made public that a number of countries have joined a pledge to implement export controls on spyware technology. This is part of a broader initiative to establish trade barriers for cyber-related items that could potentially be used in human rights abuses. On March 18, Finland, Germany, Ireland, Japan, Poland, and South Korea became part of the commitment, joining the U.S., Australia, Canada, Costa Rica, Denmark, France, New Zealand, Norway, Sweden, Switzerland,…
On 12 October 2023, the Price Cap Coalition (Australia, Canada, the European Union, France, Germany, Italy, Japan, the United Kingdom, and the United States) renewed efforts to ensure effective enforcement of the price cap on Russian-origin oil and petroleum products. Below we summarize the Price Cap Coalition’s joint advisory for the maritime oil industry and other actions taken by the United States. Maritime Oil Industry Advisory The Price Cap Coalition issued an advisory providing seven…
In brief After intense debates in the Council of the European Union, the EU has agreed on an 11th package of sanctions against Russia and its supporters in their aggression against Ukraine. The relevant Council Regulation (EU) 2023/1214 and Council Regulation (EU) 2023/1215 (respectively amending Regulation (EU) 833/2014 and Regulation (EU) 269/2014) have been published in the Official Journal of the EU, LI 159/1 on 23 June 2023. Following publication, the amending regulations entered into…
Having focused on the enforcement of sanctions by the United States, United Kingdom and the European Union in the past weeks, this week we will take a closer look at the current enforcement practice of the German authorities and the changes to be expected following the newly announced G7 Enforcement Coordination Mechanism. What are the recent sanctions enforcement trends in Germany? We note that the enforcement of the EU sanctions, particularly against Russia, is taken…