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Ben Smith

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The UK Government has introduced new economic, trade and transport sanctions on Belarus, extending existing Russia sanctions measures to Belarus in certain areas. These are included in The Republic of Belarus (Sanctions) (EU Exit) (Amendment) Regulations 2022 and entered into force on 5 July. The main changes introduced by the relevant legislation include: Expanded powers for designation, including: Addition of power to designate persons by description Expansion of criteria for designation to include: conduct destabilising…

What are the main changes: For breaches of financial sanctions that are committed after 15 June 2022, OFSI will be able to impose civil monetary penalties on a strict civil liability basis. This means that going forward OFSI will not have to prove that a person had knowledge or reasonable cause to suspect that they were in breach of financial sanctions. OFSI will continue to have the burden of proving that the financial sanctions breach…

On 14 April 2022, the UK government published the Russia (Sanctions) (EU Exit) (Amendment) (No. 8) Regulations 2022 (“Amendment”), introducing further amendments to the Russia (Sanctions) (EU Exit) Regulations 2019 (“Regulations”). The Amendment provides for new trade restrictions in relation to: oil refining goods, software and technology;quantum computing and advanced materials goods, software and technology;luxury goods; andthe import of iron and steel goods. We have outlined below the newly introduced sanctions in greater detail. The…

On 30 March 2022, the UK government published the Russia (Sanctions) (EU Exit) (Amendment) (No. 7) Regulations 2022 (“Amendment (No. 7) Regulations”), introducing further amendments to the Russia (Sanctions) (EU Exit) Regulations 2019. In particular, the Amendment (No. 7) Regulations: confer a power on the Secretary of State to designate persons by description (instead of identifying them by name); extend the existing finance, shipping and trade sanctions relating to Crimea, as well as the relevant…