Baker McKenzie will be hosting a seminar on 8 October 2024 in Dubai as part of our EMEA Russia Sanctions Briefings. We will be joined for the seminar by representatives from our Global Sanctions Investigations Group, including from our US and London offices. The seminars will focus on the multijurisdictional sanctions challenges facing financial institutions and other companies in the Gulf, in relation to the US, UK, EU and UAE sanctions regimes, particularly against Russia.…
On 10 and 11 September 2024, the US, UK and France and Germany took coordinated action in response to Iran’s support for Russia’s war effort and, in particular, the supply of ballistic missiles by Iran to Russia for use in Ukraine. The measures announced include restrictions on Iran’s national airline, Iran Air, travel bans and asset freezes on Iranian individuals and organisations involved in ballistic missile and drone supply chains, and new Russian shipping sector…
On 5 September 2024, the UK amended the scope of its Russia sanctions relating to the provision of certain legal advisory services to non-UK persons, as contained in Regulations 54D and 60DB of The Russia (Sanctions) (EU Exit) Regulations 2019 (“UK Russia Regulations”), via The Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2024 (the “Amending Regulation”). The Amending Regulation entered into force on 6 September 2024, in short (i) clarifying the knowledge a person must have…
On August 9, 2024, the US, EU, UK and Canada released a joint statement announcing new sanctions against Belarus, referring to the fourth anniversary of fraudulent presidential elections in Belarus that resulted in Alexander Lukashenko remaining in power. These authorities cited Belarus’s support for Russia’s war of aggression against Ukraine and ongoing human rights abuses in Belarus as the motivations for the latest round of sanctions. Members of our global sanctions team in the US,…