On 3 July 2019, Baker McKenzie held its latest webinar looking at the impact of the United States’ withdrawal from the JCPoA, titled “What happens if the JCPoA collapses?”. In the webinar, Baker McKenzie experts from London, Dusseldorf and Washington provided a recap of the current position, before going on to ask how UN and EU sanctions on Iran could be re-imposed and what this would mean in practice. The slides for the session can…
On 27 June 2019, the European Council unanimously agreed to extend economic sanctions against Russia until 31 January 2020, in light of the lack of implementation of the Minsk Agreements. These economic sanctions target Russia’s financial, energy and defence sectors, and the area of dual-use goods.
The EU Council has revoked the framework for restrictive measures against the Maldives that it adopted on 16 July 2018. Following a deterioration of the political situation in the Maldives in the first half of 2018, the framework allowed for the imposition of a travel ban and an asset freeze on persons and entities responsible for undermining the rule of law or obstructing an inclusive political solution in the Maldives, as well as persons and…
On 6 June 2019, OFSI published guidance (available here) on the financial sanctions regime against Russia, which would apply if the UK leaves the EU without a deal and would be implemented through the Russia (Sanctions)(EU Exit) Regulations 2019 (the “Regulations”). The Regulations follow the the existing EU sanctions regime by imposing asset freezes in relation to designated persons, payment processing restrictions, financial services and investment restrictions, prohibitions on loan and credit arrangements and restrictions…