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’s manufacturing sector.The Designation of Elvira Nabiullina, the Governor…
The EU Commission has today outlined its proposals for additional sanctions against Russia. See here for the full press statement. The EU Commission is proposing that the EU: Designates additional individuals and entities: These will include the Russian administrative entities of occupied Ukrainian territory (Donetsk People’s Republic, Luhansk People’s Republic, Kherson Military-Civilian Administration and Zaporizhzhia Military-Civilian Administration); officials in the Russian Ministry of Defence and those supplying the Russian Armed Forces; individuals who facilitated the…
The UK has designated 89 additional Russian individuals and 3 entities. In particular, these include: Top Russian officials enforcing the referenda in the 4 regions of UkraineIMA Consulting (a PR agency)Goznak (a security documents company)Four Russian individuals with a combined global net worth estimated at £6.3 billion (God Nisanov, Zarakh Iliev, Iskander Makhmudov and Igor Makarov)55 board members from state-linked organisations like Gazprombank, Sberbank and Sovcombank Please see the full list of new entries and…
The EU, in coordination with its partners, is considering imposing additional sanctions against Russia. Although there is no certainty as to what these new sanctions will entail, according to the High Representative of the EU for Foreign Affairs, they will target additional individuals and sectors of the Russian economy, including technological sectors. See here for his statement and subsequent Q&A.