On October 31, 2023, the US, UK, and Canadian governments imposed further coordinated sanctions against Myanmar (Burma) through designations of individuals and entities associated with Myanmar’s military regime and a US prohibition on the provision of financial services to Myanma Oil and Gas Enterprise (“MOGE”). The measures aim to prevent the Burmese military from obtaining access to arms and other supplies and are part of an effort to unify sanctions measures on Myanmar across the…
On 20 June 2023, the UK enacted additional amendments to The Russia (Sanctions) (EU Exit) Regulations 2019 (“Russia Regulations”) through The Russia (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2023 (the “Amendment”). The Amendment makes two principal changes to the Russia Regulations by: expanding the “purpose” for which the Russia Regulations are imposed to include the promotion of compensation payment for damage, loss or injury suffered by Ukraine; and expanding the definition of “non-government controlled…
On 8 March 2022, the UK government published the Russia (Sanctions) (EU Exit) (Amendment) (No. 6) Regulations 2022 (“Amendment”), amending the Russia (Sanctions) (EU Exit) Regulations 2019. The Amendment provides for new aviation, trade and shipping sanctions against Russia. Aviation measures The Amendment introduces measures including: the termination of existing registration, and refusal of application for registration, of aircraft owned by designated persons within the UK,banning Russian aircraft (owned, operated or chartered by a designated…
Following developments on the Russia-Ukraine border, we invite you to join us for a webinar to help prepare your business for the possible impact of instability in the region. While the international business community very much hopes for a de-escalation of the situation, we are well-positioned in all relevant jurisdictions to help you anticipate and deal with various measures that may potentially be imposed should matters escalate further. With this ever evolving situation, our panel…