Baker & McKenzie’s market leading international trade team invites you to join them for a webinar providing an update on the latest developments in respect of the US and EU sanctions imposed in response to the ongoing crisis in Ukraine. The sanctions have developed quickly following the annexation of Crimea, and have taken forms not seen in other regimes. This has been particularly so since the US and EU introduced new sanctions at the beginning…
Following the announcement of a second phase of economic sanctions against Russia on Monday, Finland and a few other EU Member States are reported to have insisted on a delay in their implementation in order to assess whether the ceasefire in Ukraine (agreed last Friday) is holding. According to press reports, EU ambassadors are meeting today (Wednesday 10 September) to reassess the ceasefire, but it is unclear whether or not a decision will be taken…
We have seen drafts of the new EU sanctions package that is set to introduce further restrictions on (i) exports of certain dual-use goods and technology (regardless of the end-use of these items), (ii) certain services related to the supply of arms and military equipment, (iii) exports of, and the provision of related services regarding hydrocracking and desulphurisation technologies or equipment, (iv) access to the capital market for certain financial institutions, and (v) dealings with…
Further to our blog post earlier today, the President of the European Council, Herman Van Rompuy, has issued a statement confirming that a further round of economic sanctions against Russia have been adopted by the European Council today and will come into force in the next few days when published in the Official Journal. According to the statement, “this will leave time for an assessment of the implementation of the cease-fire agreement and the peace plan.”…