This week in our Sanctions Enforcement Around the World series, we bring you the view from the Czech Republic. What are the recent sanctions enforcement trends in the Czech Republic? While historically the Czech Republic has had legal tools to enforce the international sanctions, the actual enforcement activities of the Czech authorities were rather limited in the past. In reaction to the EU and subsequently also national sanctions targeting Russia and Belarus, the Czech Republic…
By making the first entry to the national sanctions list, the Czech Republic has taken another step in its efforts to use its sanctions powers to respond more rapidly to the Russian invasion of Ukraine. Earlier this year, the Czech Republic adopted the Sanctions Act, which implements the process for including entities on the Czech national sanctions list or the EU sanctions list and the rules for adopting national restrictive measures against certain entities for…
The G7 announced the creation of a new Enforcement Coordination Mechanism “to bolster compliance and enforcement of our measures and deny Russia the benefit of G7 economies” on the one-year anniversary of Russia’s invasion of Ukraine. The International Group of Seven (“G7”) is an intergovernmental forum whose members include the US, UK, Germany, France, Italy, Canada, and Japan, with the European Union as a “non-enumerated” member. As such, Germany, France and Italy are EU Member…
Given the intensity and pace of change related to sanctions following the Russian invasion of Ukraine, EU Member States have been very focused on the need to move swiftly and flexibly within the sanctions landscape. The Czech Government is clearly signalling its intent to use sanctions powers and tools more readily than it perhaps has done historically. The Czech Republic has adopted the Sanctions Act, which implements the process for including the entities on the Czech…