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Sunny Mann

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On 6 April 2022, Liz Truss, the UK Foreign Secretary announced additional UK sanctions against Russia. The new measures include: Asset freezes against Sberbank, Credit Bank of Moscow and eight individuals. The UK has already introduced these asset freezes. Please see OFSI’s notice here. An outright ban on all new outward investment to Russia.By the end of 2022, the UK will end all dependency on Russian coal and oil, and end imports of gas as…

In a statement made on the 5th of April, Ursula von der Leyen, the President of the EU Commission outlined EU proposals for additional sanctions against Russia. The new measures will include: An import ban on coal from Russia, worth EUR 4 billion per year.A full transaction ban on four key Russian banks. The President of the EU Commission mentioned that VTB, the second largest Russian bank, will be one of the four banks.A ban…

On 8 March 2022, the UK government published the Russia (Sanctions) (EU Exit) (Amendment) (No. 6) Regulations 2022 (“Amendment”), amending the Russia (Sanctions) (EU Exit) Regulations 2019. The Amendment provides for new aviation, trade and shipping sanctions against Russia. Aviation measures The Amendment introduces measures including: the termination of existing registration, and refusal of application for registration, of aircraft owned by designated persons within the UK,banning Russian aircraft (owned, operated or chartered by a designated…

Recently the UK announced that it will suspend all existing export licences for dual-use items to Russia along with the approval of any new export licences for the same purpose. Following this announcement the UK Export Control Joint Unit has removed Russia as a permitted destination from the following open general export licences: open general export licence Xopen general export licence X from December 2019open general export licence chemicalsopen general export licence chemicals from December-2019open…