On 29 June 2024, the EU adopted a new Belarus sanctions package by amending Council Regulation (EU) 765/2006 (the âEU Belarus Sanctionsâ), effective from 1 July 2024. The amending regulation can be found here. The new package increases the alignment of the EU Belarus Sanctions with the EUâs sanctions against Russia (including those contained in Regulation (EU) 833/2014 (the âEU Russia Sanctionsâ), as recently updated), in order to address the risk of circumvention. The new…
On 18 December 2023, the EU published its 12th package of sanctions targeting Russia via Regulation (EU) 2023/2878 and Regulation (EU) 2023/2875, amending Regulation (EU) 833/2014 and Regulation (EU) 269/2014, respectively (collectively, “12th EU Russia Sanctions Package”). The amendments to Regulation (EU) 269/2014 (related to Designated Persons (âDPsâ)) are effective immediately while the amendments to Regulation (EU) 833/2014 become effective today, 19 December 2023. These amendments have a material impact on all businesses with a…
In press remarks following the Foreign Affairs Council’s session of 12 July 2021, High Representative Josep Borrell announced the EU will be launching a new sanctions regime against Lebanon by the end of the month. A decision will be adopted by the Foreign Affairs Council “without delay”. The regime will target “those who are responsible” for “political stalemate” in Lebanon. Whilst the regime’s structure will be in place by the end of July, it is…
On 21 June 2021, the EU and UK announced coordinated sanctions against specified Belarusian individuals and entities. This follows the forced landing of a commercial aircraft in Belarus and subsequent detention of a Belarusian journalist, and suggests that the UK is continuing to align its sanctions regime with key allies following Brexit. The sanctions were further coordinated with the US and Canada. The designated parties will be subject to asset freezes, whilst individuals will be…