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…
On March 1 and 2, 2022, the UK published four Regulations which introduce new financial, trade and shipping sanctions against Russia. New financial sanctions The Russia (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2022 introduce the following restrictions: Prohibition on dealing with securities or money-market instruments issued by, or providing loans/credit to a person connected with Russia (including Russian incorporated entities and residents) or the Russian Government. The aforementioned prohibitions also apply to all entities…
In light of the further escalation of the Russia-Ukraine conflict, the EU agreed on Friday, 25 February, on a second wave of sanctions targeting broad areas of the Russian economy and other high profile political and military leaders in Russia and Belarus. In brief, the new restrictions include: designations of Russian and Belarusian individuals;wide-ranging restrictions on trade in goods and associated services, including dual-use and various other items, and goods for the oil refining, aviation…
The Baker McKenzie International Commercial and Trade team is delighted to invite you to watch our pre-recorded webinar on the latest developments in relation to sanctions against Belarus, as at 10 December 2021. The webinar covers sanctions measures imposed against Belarus by the US, the EU, the UK, Canada and Switzerland, with a particular focus on the most recent measures announced in December 2021, in response to the migration crisis on the Belarus/EU border. The…