The Australian Government has released for comment the draft regulations and specification instrument to implement expanded sanctions relating to Russia and Ukraine (announced 1 September 2014). Submissions on the draft instruments are invited by 9 December 2014. Details of the draft instruments can be found here: http://dfat.gov.au/sanctions/public-consultation-sanctions-relating-russia-crimea-sevastopol.html Businesses need to understand the details of the proposed instruments and their practical application. Particular issues include: – working through the lists of sanctioned subject-matter and activities; -…
Baker & McKenzie’s market leading international trade team invites you to join them for a webinar providing an update on the latest developments in respect of the US and EU sanctions imposed in response to the ongoing crisis in Ukraine. The sanctions have developed quickly following the annexation of Crimea, and have taken forms not seen in other regimes. This has been particularly so since the US and EU introduced new sanctions at the beginning…
Further to our earlier posts, we have now issued a client alert providing more details on the measures adopted by the EU and US in response to the annexation of Crimea to the Russian Federation. By way of a reminder: the new designations cover predominantly Russian politicians and government officials, but for the first time in respect of the Ukrainian crisis, the US has designated an entity, namely a bank. Further, several of the targeted individuals have significant…