Over the past eight weeks, following the announcement of the G7’s Sanctions Enforcement Coordination Mechanism, we have journeyed to our offices in each of the G7 members to ask our local sanctions experts to weigh in on what companies should know about sanctions enforcement in their jurisdiction — and what companies should be doing today to prepare — in light of the increase in sanctions enforcement, which we are already seeing on the ground. By…
On 24 February 2023, the Australian Government announced that it had imposed further targeted financial sanctions and travel bans on 90 persons, and targeted financial sanctions on 40 entities. The new designations include Russian ministers with responsibilities spanning energy, natural resources, industry, education, labour, migration and health, being areas of economic and strategic significance to Russia or that threaten the territorial integrity or sovereignty of Ukraine, and include: Kalashnikov Concern, one of Russia’s largest arms…