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…