Our Baker McKenzie’s Global Trade and Sanctions Practice recently held a snap webinar on Looking ahead to future developments in US, EU and UK Russia sanctions policy.The session discussed the current sanctions frameworks in relation to Russia, how these could be relaxed, and how the EU and UK may respond, drawing on past experiences where sanctions programmes have been lifted. The session also provided practical guidance on what companies can do now to be prepared for these potential…
Baker McKenzie’s Global Trade and Sanctions Practice will be hosting a webinar on the possible developments in US, EU and UK Russia sanctions policy that may occur over the coming months.This 45-minute webinar will take place Wednesday, 19 March 2025 at 3:00 PM CET / 10:00 AM EDT.It has been reported that the Trump administration has asked the US State and Treasury departments to provide a list of sanctions that could be eased as part of a plan…
Earlier this year, the EU introduced various new restrictions as part of its sanctions packages targeting Russia (see our blog post on the 14th EU Russia sanctions package) and Belarus (see our blog post of the most recent EU Belarus sanctions package). Among the notable and novel restrictions were: Businesses should therefore review their current practices and consider whether any enhancements are necessary to comply with these measures. Guidance on “best efforts” obligations The “best…
In a significant move to counter Russia’s destabilizing actions abroad, the Council of the EU has enacted Regulation (EU) 2024/2642 on 8 October 2024 concerning restrictive measures in view of Russia’s hybrid, destabilizing activities (“EU Russia Destabilization Sanctions”). The new sanctions framework aims at targeting individuals and entities involved in hybrid activities that undermine the fundamental values and security of the EU, its member states, and international organizations. The decision, proposed by Josep Borrell, the High…