Effective as of 04 April 2023, Ukraine introduced two new sets of personal sanctions against 273 individuals and 380 legal entities, mainly targeting Russian public officials and the Russian military industry.[1] The Decisions impose extensive sanctions, including asset freeze; ban on trade operations; ban on transit of resources, flights and transportation within the territory of Ukraine; suspension of the performance of economic and financial obligations; restriction on the exit of capital from Ukraine; prohibition on…
1. Overview Following several announcements in public media,[1] it has been reported that Kazakhstan will monitor goods that are imported into the country for re-export tracking them until they reach their final destination. As reported in the media, the new measure started applying as of 1 April 2023 and is intended to prevent companies and individuals from using Kazakhstan to circumvent Russia sanctions. Below we highlight some of the key developments and discuss certain practical…
Since March 10, 2023, Türkiye has stopped the transit of some goods to Russia via Türkiye without an official explanation and despite the fact that no sanctions against Russia have been formally imposed. The information we obtained indicates that the Turkish customs officials and representatives of the Ministry of Trade justified the halt by explaining that there is a technical problem in the e-customs system. Furthermore, within this context, Turkish customs officials added that they…
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…