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Dimitris Mourkas

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The UK has banned the import of Russian oil and oil products into the UK, and has further banned UK services including finance, insurance, and shipping from enabling the seaborne transport of Russian oil and oil products globally (see here for our previous blog). However the UK (in coordination with G7 and Australia) has also created a price cap exception to the services ban which allow the UK to continue facilitating the transport of Russian…

The UK has adopted The Russia (Sanctions) (EU Exit) (Amendment) (No. 16) Regulations 2022 which introduce new restrictions against Russia and expand existing ones. The Legislation enters into force on 5 December 2022. The Russia (Sanctions) (EU Exit) (Amendment) (No. 16) Regulations 2022: Prohibit the direct or indirect supply or delivery by ships of certain oil and oil products falling within commodity codes 2709 and 2710, from a place in Russia to a third country, or from one…

The UK has adopted the Russia (Sanctions) (EU Exit) (Amendment) (No. 15) Regulations 2022 which introduces new restrictions against Russia. The Russia (Sanctions) (EU Exit) (Amendment) (No. 15) Regulations 2022: Introduce a new restriction against making certain loans or credit available to persons connected with Russia (i.e. an entity incorporated, constituted or domiciled in Russia); subsidiaries of persons connected with Russia; and entities owned by Russian individuals. This essentially extends the scope of the existing…

The UK has announced its immediate plans to adopt further sanctions against Russia. See here for relevant press release. The planned new UK sanctions include: Export bans on the provision of IT consultancy, architectural, engineering, advertising, transactional legal advisory and auditing services.Export bans on almost 700 UK goods. The UK has noted that the list will include hundreds of goods that are critical for production in Russia‚Äôs manufacturing sector.The Designation of Elvira Nabiullina, the Governor…