This week in our Sanctions Enforcement Around the World series, we bring you the view from Sweden, an EU member state that is currently seeing increased sanctions enforcement activity. What are the recent sanctions enforcement trends in Sweden? In Sweden, but also in the Nordic region, the enforcement of sanctions violations has historically been rather low with a handful of criminal enforcement cases. However, during the past 12 months enforcement has been increased significantly, including…
On 29 May 2023, Poland imposed sanctions on 365 citizens of Belarus, as well as other individuals and entities. Polish law requires an individual decision and scope of sanctions to be determined with respect to each designated person, however the measures typically include: freezing of funds and economic resources prohibition of making funds or economic resources available prohibition of knowing and voluntary participation in activities aiming at, or resulting in, circumvention of the above measures…
On 9 May 2023, the President of the European Commission, Ursula von der Leyen, announced further details on the proposed eleventh package of EU sanctions against Russia. According to the press statement issued by the European Commission and related press reports, the proposed package mainly focuses on combatting circumvention of EU sanctions. More specifically, it would include the following additional measures: Ban of ‘shadow’ entities from Russia and third countries that are intentionally circumventing EU…
The G7 announced the creation of a new Enforcement Coordination Mechanism “to bolster compliance and enforcement of our measures and deny Russia the benefit of G7 economies” on the one-year anniversary of Russia’s invasion of Ukraine. The International Group of Seven (“G7”) is an intergovernmental forum whose members include the US, UK, Germany, France, Italy, Canada, and Japan, with the European Union as a “non-enumerated” member. As such, Germany, France and Italy are EU Member…