The EU has published an update to its list of goods regarded as âeconomically criticalâ to Russia. Amongst these are hydraulic power engines and motors, concrete or mortar mixers, and machinery for public works. The amended list can be found here.
On 23 October, the European Council adopted a new framework for restrictive measures against Niger which seek to âsanction those who undermine the stability, democracy, rule of law in Niger, and constitute a threat to peace and security in the regionâ in response to the July 2023 military coup in Niger. The sanctions consist of asset freezes, and the related prohibition to make funds available to targeted individuals and entities, as well as travel bans…
This week in our Sanctions Enforcement Around the World series, we bring you the view from the Czech Republic. While historically the Czech Republic has had legal tools to enforce the international sanctions, the actual enforcement activities of the Czech authorities were rather limited in the past. In reaction to the EU and subsequently also national sanctions targeting Russia and Belarus, the Czech Republic has intensified its activities in this area. From the legislative standpoint…
On 11 July 2023, Polish authorities announced that assets of three entities controlled by Vyacheslav Kantor were subjected to compulsory administration in Poland. The entities, two incorporated in Cyprus and one incorporated in Luxembourg, as well as Vyacheslav Kantor, have earlier been designated on the Polish sanctions list. The entities jointly hold 19.82% of publicly traded stock of Grupa Azoty S.A.. The estimated value of the administered assets is PLN 500 million. Polandâs State Treasury…