Effective as of 31 January 2023, Ukraine introduced a new set of personal sanctions against 182 Russian and Belarusian legal entities, mainly transport and leasing companies as well as chemical enterprises, and 3 individuals — citizens of the Russian Federation.[1] The sanctions package, according to the President of Ukraine Volodymyr Zelenskyy, is aimed at companies involved in transporting Russian military equipment and soldiers. The Decision imposes extensive sanctions, including asset freeze; ban on trade operations;…
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…
The Japanese government introduced further sanctions against Russia and Belarus on 7 October 2022. These include: Designations of 58 Russian individuals, 9 Russian entities and 23 individuals who are considered to have been directly responsible for the unilateral annexation of Donetsk, Luhansk, Kherson and Zaporizhzhia These individuals and entities are subject to the following sanctions: Restrictions on payments – A license is required to make a payment to the designated banks. Restrictions on capital transactions – A…
The UK has recently adopted the following pieces of legislation which introduce new restrictions against (mainly) Russia and Belarus. Russia (Sanctions) (EU Exit) (Amendment) (No. 11) Regulations 2022Russia (Sanctions) (EU Exit) (Amendment) (No. 12) Regulations 2022Russia (Sanctions) (EU Exit) (Amendment) (No. 13) Regulations 2022Russia (Sanctions) (EU Exit) (Amendment) (No. 14) Regulations 2022The Customs (Additional Duty) (Russia and Belarus) (Amendment) (No. 2) Regulations 2022 The UK has also updated its Russia Guidance to reflect the changes…