The EU Commission has issued a factsheet shedding light on the relationship between Incoterms and EU sanctions compliance. It makes clear that the Incoterms âEx Worksâ ruleâwhich shifts responsibility and risk to the importer/buyer from the moment of collecting the goodsâdoes not exempt EU-based exporters or sellers from their legal obligations under EU sanctions law. The Commission underscores that adherence to EU sanctions is mandatory for all individuals and entities under EU jurisdiction, regardless of…
Sanctions enforcement is intensifying globally, with authorities expanding their toolkits and increasing cross-border cooperation. This session explored key developments in sanctions enforcement in the US, UK, EU and Turkey and the implications of these for the progression of civil and criminal investigations. This session first examined key developments in enforcement infrastructure and penalties frameworks across the different jurisdictions. This included the EUâs push for harmonisation, the UKâs new body for the enforcement of trade sanctions…
The UK yesterday announced a new wave of sanctions targeting Russiaâs military, energy, and financial sectors, in response to recent drone attacks on Ukraine . The sanctions aim to disrupt military supply chains, and curb financial institutions aiding in sanction evasion, making it difficult to sustain Russiaâs war efforts. Key Measures The sanctions cover 100 new targets, consisting of: Among the individuals targeted are a British national who procured ships for Russiaâs shadow fleet, marking…
On 24 April 2025, the UK government published the Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025, which took effect on 25 April 2025 (âAmending Regulationsâ). These new regulations amend the Syria (Sanctions) (EU Exit) Regulations 2019 to partially suspend a number of significant sanctions that have been in place for over a decade to reflect the developments to the political situation in Syria following the fall of the Assad regime in December 2024. The UK…