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(Japanese follows English) On January 10, 2025, the Japanese government announced further sanctions against the Russian Federation under the Foreign Exchange and Foreign Trade Act, in line with measures taken by other major countries. The additional measures imposed based on the Cabinet Understanding of ā€œAsset freezes for individuals and entities of the Russian Federation and other measures as of January 10, 2025ā€ are as follows: Measures 1. and 2. will come into effect for individuals…

On October 30, 2024, the US Government imposed sanctions on hundreds of entities and individuals across the globe, primarily in response to Russiaā€™s continued war in Ukraine, and amended US export controls related to Russia and Belarus. Below, we describe the key actions taken by the US Departments of the Treasury, State, and Commerce. 1. OFAC Actions With the aim of disrupting global sanctions evasion networks and domestic suppliers to Russiaā€™s military-industrial base, the US…

On 30 September 2024, the UK Government issued a notice stating that from 31 October 2024, the provision of intra-group services will no longer be a specific licensing ground available in relation to professional and business services provided by UK companies to their Russian subsidiaries. Licence applications submitted before 31 October 2024 will not be affected by the change. Under Regulation 54C of The Russia (Sanctions) (EU Exit) Regulations 2019 (ā€œUK Russia Regulationsā€), it is prohibited…

On 5 September 2024, the UK amended the scope of its Russia sanctions relating to the provision of certain legal advisory services to non-UK persons, as contained in Regulations 54D and 60DB of The Russia (Sanctions) (EU Exit) Regulations 2019 (ā€œUK Russia Regulationsā€), via The Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2024 (the ā€œAmending Regulationā€). The Amending Regulation entered into force on 6 September 2024, in short (i) clarifying the knowledge a person must have…