The EU has adopted its ninth package of sanctions against Russia. All legislation introduced by the EU in relation to the latest package of sanctions can be found here. The new sanctions package includes: Additional designations of almost 200 individuals and entities. This includes the Russian armed forces, as well as individual officers and defence industrial companies, members of the State Duma and Federation Council, ministers, Russian proxy authorities in occupied areas of Ukraine and political…
The UK has adopted The Russia (Sanctions) (EU Exit) (Amendment) (No. 17) Regulations 2022 . See here for explanatory memorandum accompanying this legislation. Updated guidance on Russia Sanctions has been published in order to reflect the changes introduced by the latest legislation. The new legislation introduces and expands on current trade and financial sanctions and comes into force on Friday, 16 December 2022. Trade sanctions Prohibits the direct and indirect provision of the following additional…
In a statement, the President of the European Commission, outlined what further sanctions the EU is currently proposing to introduce against Russia. The proposed package includes: The designation of nearly 200 people and entities, including the Russian armed forces and individual officers, defence industrial companies, members of the State Duma and Federation Council, ministers, governors and political parties.Sanctions against 3 additional Russian banks, including a full transaction ban on the Russian Regional Development Bank.Additional export…
The European Commission has put forward a proposal to harmonise criminal offences and penalties for the violation of EU sanctions. The proposal follows a decision by the Council which identified the violation of EU sanctions as an EU crime (see here for our previous blog post on this) and sets out common EU rules, which will make it easier to investigate, prosecute and punish violations of EU sanctions in all Member States alike. The main…