On 10 and 11 September 2024, the US, UK and France and Germany took coordinated action in response to Iran’s support for Russia’s war effort and, in particular, the supply of ballistic missiles by Iran to Russia for use in Ukraine. The measures announced include restrictions on Iran’s national airline, Iran Air, travel bans and asset freezes on Iranian individuals and organisations involved in ballistic missile and drone supply chains, and new Russian shipping sector…
On Thursday 3 October, our Amsterdam office will host our flagship “Trade Day” event for senior in-house legal professionals. This year, we will be joined by over 15 of our Baker McKenzie colleagues from across Europe, the US and Asia who will share their insights on significant developments across: For more information and to register please see: Amsterdam Trade Day 2024 | Insight | Baker McKenzie. Please note that space is limited and registration is…
The US Department of Commerce’s Bureau of Industry and Security (“BIS”) has issued two proposed rules amending the Export Administration Regulations (“EAR”) to impose expansive new controls on US persons’ activities in connection with non-US military, security, and intelligence end users and end uses, as well as new end user-, end use-, and list-based controls applicable to items subject to the EAR. These new controls would apply to more categories of activities and end users/end…
On June 24, 2024, the EU adopted its 14th Russia sanctions package, including by amending Council Regulation (EU) 833/2014 (the “EU Russia Sanctions”), effective from June 25, 2024. The amending regulation is accessible here. The 14th package introduced several additional restrictions across different sectors, including: The strengthening of measures designed to prevent the circumvention of EU sanctions is likely to be particularly wide-ranging, impacting businesses outside Russia with indirect exposure to Russia and placing certain…