On 25 October 2023, the Australian Government published two new designations (see here and here) (Designations) introducing new goods export sanctions for Russia and specified regions of Ukraine (being the Crimea, Sevastopol, Donetsk and Luhansk regions). Under the Designations, the following goods have been designated as “export sanctioned goods”: The export of these goods to Russia and the specified regions of Ukraine is now blocked under sub-regulation 4(3) of the Autonomous Sanctions Regulations 2011. The…
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…
On 26 September 2023, the US Bureau of Industry and Security (“BIS”) announced that the “Five Eyes” countries (Australia, Canada, New Zealand, the United Kingdom and the United States) issued joint guidance (“Five Eyes Guidance”) identifying high priority items critical to Russian weapons systems and urging specific actions to prevent diversion of these items to Russia through third countries. This comes just a few months after the Five Eyes countries established a coordinated effort on…
On 28 June 2023, the US Bureau of Industry and Security (“BIS”) announced that the “Five Eyes” countries (Australia, Canada, New Zealand, the United Kingdom and the United States) have agreed to formally coordinate on export control enforcement, with a particular emphasis on the export controls targeting Russia and Belarus, which have been a core tool in the broader sanctions toolbox. Baker McKenzie has deep export controls expertise in four of the Five Eyes countries: …