On 14 November 2024, the UK government introduced a number of changes to its sanctions regulations through the Sanctions (EU Exit) (Miscellaneous Amendments) (No.2) Regulations 2024 (the āAmending Regulationā). See here for the Amending Regulation and here for the blog post from the Office of Financial Sanctions Implementation (“OFSI”) summarising the changes. The Amending Regulation introduces several important changes to existing UK sanctions legislation, primarily in respect of the UK’s financial sanctions framework. The UK…
On 7 November 2024, the UK government designated an additional 56 individuals and entities in its largest financial sanctions package since May 2023 (see the official press release here). The package aims to further restrict the supply of equipment utilised by Russia’s military industrial complex and target Russia’s global activities, particularly in Africa. Newly adopted designations The package consists of 56 new designations through five of the UK’s autonomous sanctions regimes. Targets include: These individuals…
Our annualĀ Global Year-End Review of Import/Export & Trade Compliance Developments Conference is just one week away! If you haven’t registered yet, this is your final chance to sign up and secure your spot. Ā We are holding this conference in a split-hybrid format, with an in-person event in Santa Clara, CA, on November 12 and virtual panels on November 19-21. In-Person Event l November 12 Join us for a crucial fireside chat post-US presidential election on “Navigating the…
On 30 October 2024, the Swiss Federal Council announced the adoption of further sanctions against Belarus (the official media release can be viewed here). These new measures mirror those imposed by the EU against Belarus on 29Ā June 2024 (see blog post here) and increase consistency between the Ordinance on Measures against Belarus (“Belarus Ordinance”) and the EU Belarus sanctions. However, as could be observed in the context of Switzerland’s last round of sanctions imposed against…