Following the EU’s 18th sanctions package and the latest developments of the UK’s sanctions against Russia, the Governments of Australia and Japan also introduced additional measures against Russia respectively on 18 and 12 September 2025. Among other measures, they have agreed with other G7 countries to phase out Russian oil imports in response to the 2022 invasion of Ukraine, indicating aligned efforts within the G7 with respect to the imposition of sanctions against Russia. This…
On 13 August 2025, the Swiss government adopted the Ordinance on the harmonization of sanctions ordinances (“Ordinance”), introducing a number of provisions relating to financial sanctions and their exceptions and derogations in relation to 14 of the 28 sanctions regimes in force in Switzerland (already briefly mentioned here). The Ordinance will come into effect on 15 September 2025. The sanctions regimes affected by the amendments introduced by the Ordinance are the following: In essence, the…
There have been a number of fluctuating developments in the UN and EU’s approach to Iran over the past few weeks, with a further attempt to salvage negotiations in an agreement on 10 September. We set out further details herein, including consideration of the sanctions implications. Political Developments At the end of August, amid concerns regarding Tehran’s continued resistance to international nuclear oversight and Russia’s upcoming presidency of the United Nations Security Council, the E3…
On August 28, 2025, Canada announced amendments to the Special Economic Measures (Moldova) Regulations (the “Regulations”) sanctioning Russian collaborators in Moldova. The amendments list an additional sixteen individuals and two entities under the Schedule of the Regulations and took effect on August 28, 2025. These sanctions are announced in the context of Moldova’s upcoming parliamentary elections, which will be held on September 28, 2025, and are aimed at individuals who are stated to have been actively participating in…