On 23 February 2022, the Council adopted a package of measures to respond to Russia’s decision to recognize the non-government controlled areas of the Donetsk and Luhansk oblasts of Ukraine as independent entities, and the subsequent decision to send Russian troops into these areas. The package consists of the measures outlined below. Targeted restrictive measures Within the existing framework for sanctions, the EU has designated all the 351 members of the Russian State Duma, who…
On 21 February, the UK Office of Financial Sanctions Implementation (“OFSI”), announced that it had issued a monetary penalty totaling GBP 36,393.45 to Clear Junction Limited (“Clear Junction”), a provider of payment services. This penalty follows (and is associated with) OFSI’s earlier GBP 50,000 penalty against TransferGo, announced in August 2021 (see our previous blog post here). The monetary penalty related to 15 transactions made to accounts held by non-sanctioned parties with the Russian National…
This 30-minute webinar hosted by our cyber experts Paul Glass in London and Cyrus Vance in New York, will discuss the cyber-related risks to businesses from this ever evolving situation related to Russia-Ukraine, and how they can prepare today to mitigate risks including: Grey zone and hybrid cyber activity, and how it can affect companiesPractical considerations and steps that companies can take now to prepare in the context of the changing threat landscapePublic / private…
On 10 February 2022, the UK Government published amendments to its Russian sanctions programme, enabling it to designate a wide variety of parties “involved in […] obtaining a benefit from or supporting the Government of Russia”. No new designations have been made at this time, but the UK Government has previously indicated that the powers are intended to be used in response to any Russian incursion into Ukraine. The amendment came into force at 5pm…