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…
According to press report by “Rzeczpospolita”, Poland’s leading business and legal daily, senior diplomats from Poland and Lithuania have anonymously revealed certain elements of the two countries’ joint negotiating position in relation to the tenth package of EU sanctions against Russia and Belarus. Per the press report, the proposals by Poland and Lithuania include the following: Restrictions on Russia’s nuclear sector, including the designation of Rosatom and/or its executives (a move that has so far…
Poland has introduced significant amendments to the Act of 13 April 2022 on special measures relative to counteracting the support for the aggression against Ukraine and relative to national security protection (“Polish Sanctions Regulation”). See here for our previous blog post on the Polish Sanctions Regulation. The Act of 5 August 2022 that amends the Polish Sanctions Regulation and the Act on the National Revenue Administration (“Amendment”) was published on 17 August 2022 and entered…
On 30 June 2022, Polish government issued a note outlining amendments to the Polish Act of 13 April 2022 on special measures relative to counteracting the support for the aggression against Ukraine and relative to national security protection (“Polish Sanctions Regulation”). See here for our previous blog on the Polish Sanctions Regulation. The main changes to be introduced are: a) the institution of a temporary administrator for entities targeted by Polish national sanctions (“sanctioned entities”),…