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…
In December 2022, the United Nations Security Council (the ‘UNSC’) adopted a resolution which introduced a standardised humanitarian exemption across UN regimes according to which activities necessary for humanitarian assistance and other activities that support basic human needs are exempt from sanctions in the form of asset freezes imposed by the Security Council or by its Sanctions Committees. All UN sanctions regimes except the Afghanistan regulations will now include a standardised humanitarian exception to the…
On February 9, 2023, the United States and the United Kingdom designated seven Russian individuals that have been associated with the development or deployment of a range of ransomware strains which have targeted the UK and the US. This is the first time that the UK has made designations under its Cyber (Sanctions) (EU Exit) Regulations 2020. The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued this press release in tandem…