On 24 February 2025, the third anniversary of Russia’s further invasion of Ukraine, the UK Government announced 107 new designations targeting individuals, businesses (including several state-owned entities), government officials and vessels in what it labelled its most extensive set of sanctions against Russia since the start of the invasion. According to the UK Foreign, Commonwealth, and Development Office (“FCDO”) press release, this package is aimed at weakening Russia’s military supply chains, revenues fuelling the war…
The EU Parliamentary Research Service has published an updated briefing on the EU’s sanctions against Russia. The previous briefing had been published in September 2023. The key elements of this update are:
(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 “Asset freezes for individuals and entities of the Russian Federation and other measures as of January 10, 2025” are as follows: Measures 1. and 2. will come into effect for individuals…
The Biden Administration issued another round of sanctions against Russia in its final days, with less than a week left in the Administration. This followed on the heels of major sanctions imposed by OFAC on Russia’s energy sector just five days prior – see our blog post on that development here. Specifically, on January 15, 2025, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) and the US Department of State (“State”)…