On Monday 5th June, the EU published an amendment to the existing sanctions against Russia, which came into force on Monday 5th June. The implementing regulation is available here. These measures permit the designation of leading business persons operating in Russia, along with: immediate family members; other natural persons benefitting from them; and business persons involved in economic sectors providing a substantial source of revenue to the Russian Government. These amendments were made on the…
In recent weeks, there have been a number of noteworthy developments highlighting the increasing focus that US, EU, UK and other governments are placing on the potential circumvention of sanctions against Russia, and the roles of third countries and companies in facilitating the circumvention or undermining of such sanctions measures. These anti-circumvention efforts are taking place in the context of the G7’s concerted effort to bolster sanctions enforcement around the world, through the creation of…
On 22 February 2023, Dutch Customs published a press release on its website indicating that the additional EU sanctions measures against Russia and Belarus will enter into force on 24 February 2023. Although relevant legislative texts have not yet been published, the release suggests that the “tenth package” of EU sanctions against Russia will include: an extension of the export restrictions related to dual-use goods and goods which could contribute to the enhancement of Russian…
According to press report by “Rzeczpospolita”, Poland’s leading business and legal daily, senior diplomats from Poland and Lithuania have anonymously revealed certain elements of the two countries’ joint negotiating position in relation to the tenth package of EU sanctions against Russia and Belarus. Per the press report, the proposals by Poland and Lithuania include the following: Restrictions on Russia’s nuclear sector, including the designation of Rosatom and/or its executives (a move that has so far…