For the second week of our Annual Compliance Conference, we discussed key trade compliance issues impacting our clients globally. Specifically, we discussed the trade policy response of the US, EU and U.K. to ever increasing geopolitical disruption, global strategies for handling sanctions regulators and enforcement, and key global sanctions and export controls developments. Trade policy response to geopolitical disruption – China and beyond Tuesday 7 May SPEAKERS: Tristan Grimmer (Partner, London), Sylwia Lis (Partner, Washington…
On 14 April 2022, the UK government published the Russia (Sanctions) (EU Exit) (Amendment) (No. 8) Regulations 2022 (“Amendment”), introducing further amendments to the Russia (Sanctions) (EU Exit) Regulations 2019 (“Regulations”). The Amendment provides for new trade restrictions in relation to: oil refining goods, software and technology;quantum computing and advanced materials goods, software and technology;luxury goods; andthe import of iron and steel goods. We have outlined below the newly introduced sanctions in greater detail. The…
On 30 March 2022, the UK government published the Russia (Sanctions) (EU Exit) (Amendment) (No. 7) Regulations 2022 (“Amendment (No. 7) Regulations”), introducing further amendments to the Russia (Sanctions) (EU Exit) Regulations 2019. In particular, the Amendment (No. 7) Regulations: confer a power on the Secretary of State to designate persons by description (instead of identifying them by name); extend the existing finance, shipping and trade sanctions relating to Crimea, as well as the relevant…
On 31 March 2022, the UK designated 14 additional Russian individuals and entities under the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855). In particular, these include two Russian state media entities: (i) Rossiya Segodnya (which owns Sputnik); and (ii) TV-Novosti (which owns RT). Please see the full list of new entries and OFSI’s notice here.