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. As set out in our introduction to the blog series, our sanctions experts in G7 offices will respond to a series of questions relating to sanctions enforcement and the potential impact of the Enforcement Coordination Mechanism. Following our…
The EU has today adopted its 10th package of sanctions against Russia. Please see here for relevant Regulations and Council decisions. The new package includes the following measures: Further export bans on critical technology and industrial goods, such as electronics, specialised vehicles, machine parts, spare parts for trucks and jet engines, as well as goods for the construction sector which can be directed to Russia’s military, such as antennas or cranes. Expansion of the list…
The UK has announced a new package of sanctions against Russia. This will include the following sanctions: Export bans on every item Russia has been found using on the battlefield to date. Goods will include aircraft parts, radio equipment, and electronic components that can be used by the Russian military industrial complex, including in the production of UAVs. Import bans on 140 goods including iron and steel products processed in third countries. Extension of existing…
In the second session of our 2023 International Trade and Supply Chain Webinar Series, partners Sunny Mann, Alison Stafford Powell, Paul Amberg, Jannan Crozier and Ed Poulton will be hosting a webinar on February 28th to discuss “Key Lessons from the Russia/Ukraine Crisis: Preparing for the Next Geopolitical Event”. Drawing on their experience advising numerous multinationals over the past year on this topic, our team will provide their insights and practical guidance on how to…