On 20 July 2023, HM Government published its annual report on the UK strategic export controls (the “Annual Report”) for the reporting period January to December 2022, a day after its presentation to Parliament. The Annual Report provides a summary on the UK export controls and licensing regime, and reports on key statistics for the reporting period. Below, we have summarised some key takeaways. Standard Individual Export Licences In 2022, the ECJU processed 17,204 Standard…
In addition to the new EU measures, on Thursday 8th June the UK announced additional sanctions against Belarus, which came into force on Friday 9th June. The press release announcing the restrictions is available here, and the amending legislation is here. The new restrictions are intended to restrict sources of revenue to Belarus, combat sanctions circumvention, and reduce the ability of Belarusian media organisations to spread propaganda in the UK. The key measures include: broader…
On Monday 5th June, the EU published an amendment to the existing sanctions against Russia, which came into force on Monday 5th June. The implementing regulation is available here. These measures permit the designation of leading business persons operating in Russia, along with: immediate family members; other natural persons benefitting from them; and business persons involved in economic sectors providing a substantial source of revenue to the Russian Government. These amendments were made on the…
The UK has adopted The Russia (Sanctions) (EU Exit) (Amendment) Regulations 2023. See here for an explanatory memorandum accompanying this legislation. The new legislation introduced and expands on current trade sanctions and comes into force today, Friday 21 April 2023. The sanctions significantly expand the restrictions on import and acquisition of revenue generating goods which originate in, or are consigned from, Russia. In particular:• the existing list of goods prohibited for import into the UK…