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Dimitris Mourkas

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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…

As a result of the DPRK’s recent nuclear testing, the United Nations Security Council (“UNSC”) held on Wednesday an emergency meeting called by the US, Japan and South Korea. Following the meeting, the UNSC released a pressstatement┬ácondemning the country’s actions, and announcing that it will immediately begin considering the “significant measures” which it had promised to take in the event of further nuclear testing by the country. The UNSC will now start negotiating the content…