On 9 March 2022, the EU announced the imposition of further sanctions against Russia and Belarus. In addition to the introduction of new restrictions (see below), the EU press release notes that the relevant amendments aim to create a closer alignment between sanctions in place against Russia and Belarus, so as to prevent circumvention of these sanctions. Russia Regulation (EU) 2022/394 (amending Regulation (EU) 833/2014) among others include the following amendments: Introduction of new product…
Japan imposes additional sanctions on Russia, Belarus and the so-called Donetsk and Luhansk People’s Republics On March 3, 2022, the Japanese government announced additional sanctions against the Russia Federation, the Republic of Belarus and the so-called Donetsk and Luhansk People’s Republics. The new restrictions include : designations of further 18 individuals from the Russian Federation;designations of four Russian banks (VTB Bank, Sovcombank, Novikombank and Otkritie);designations of further 7 individuals and 2 entities from the Republic…
On March 2, 2022, in response to Belarus’s enabling of Russia’s further invasion of Ukraine, the US Commerce Department’s Bureau of Industry and Security (“BIS”) issued a final rule (“Final Rule”) effective on the same day, that implements sweeping export controls measures targeting Belarus. This Final Rule subjects Belarus to substantially the same export controls that were imposed on Russia and became effective on February 24, 2022. (Our blog post summarizing those export controls targeting…
On 2 March 2022, the EU significantly expanded its sanctions against Belarus, in response to Belarus’ role in the ongoing crisis in Ukraine. Belarus was already subject to significant EU sanctions targeting its financial, dual-use, military, tobacco, petroleum and potash sectors, many of which were imposed following the Belarusian Government’s response to civil unrest following the 2021 election (see our previous post here). Many of the changes are in line with sanctions imposed against Russia…