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Sanctions Regimes

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On 4 March 2024, the UK Foreign, Commonwealth and Development Office (“FCDO”) published a Post-Legislative Scrutiny Memorandum (the “Memorandum”) for the UK Sanctions and Anti-Money Laundering Act 2018 (“SAMLA”). The Memorandum (available here) provides an assessment of the functioning of SAMLA and UK sanctions regimes underpinned by SAMLA, following the UK’s introduction of an autonomous sanctions framework post-Brexit. The Memorandum covers a broad range of areas relating to SAMLA and the UK’s sanctions framework, including…

On March 1, 2024, the Minister of Foreign Affairs announced further import restrictions on diamonds and diamond-jewelry-related products from Russia. The amendments to the Special Economic Measures (Russia) Regulations (the “Regulations”) prohibit any person in Canada and any Canadian outside of Canada from purchasing, importing, or acquiring certain diamonds mined or produced in Russia that are exported, processed and/or polished in a third country. The Regulations entered into force on February 29, 2024. The amendments…

On March 1, 2024, Japanese government announced its further sanctions measures against the Russian Federation following the measures taken by major counties at the time when two years had passed since the time of invasion by the Russian Federation against Ukraine. The additionally announced measures are as follows: Assets freeze Additional nine individuals and eight entities of the Russian Federation and three individuals, who are considered to contribute to destabilization of eastern Ukraine, were designated…

The Japanese government announced on February 2, 2024, that major countries agreed on obtaining a declaration form (cf. Note) at each voyage and requesting to obtain or to be provided details of affiliated cost related with the crude oil or petroleum products of the Russian Federation origin at the authority’s request, in order to reinforce the ceiling system for the crude oil or petroleum products of the Russian Federation origin. Based on this agreement, Japanese…