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Temra Baydono

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On December 3, 2022, G7 members formally set the highly anticipated price cap on Russian oil at 60 USD per barrel. This price cap applies to crude oil, petroleum oils, and oils obtained from bituminous minerals which originate in or are exported from Russia. Below we summarize (1) some of the key aspects of the G7’s price cap, and (2) the measures taken to implement the price cap by the EU,US, UK, Japan and Canada.…

On November 28, the EU published legislation which allows for restrictive measures against gang leaders in Haiti and their financiers. So far, only one person has been designated. See here and here for relevant Regulation and Council Decision. This is the first time that the EU has imposed sanctions against Haiti. The Regulation and Council Decision create a framework for introducing: travel restrictions;a targeted arms embargo;the freezing of funds and economic resources of persons, entities…

The EU has adopted a new package of sanctions against Russia. This is the eighth sanctions package imposed by EU. All legislation introduced by the EU in relation to the latest package of sanctions can be found here. The new sanctions package comprises: The sanctioning of 30 persons and seven entities that have played a role in the organization of illegal “referenda”, representatives of the defense sector, and well-known persons spreading disinformation about the war.…