On Friday 10 October, Norway strengthened its restrictive measures against Russia to reflect the measures introduced by the EU on 12 September. With the announcement of the adoption of Forskrift-2014-10-10-1278, which took immediate effect, the Norwegian Minister of Foreign Affairs Børge Brende stated, “Russia’s actions in Ukraine remain a matter of serious concern. A fragile ceasefire is in place, but Russia has not complied with the demands made by the international community, including immediate, complete…
We recently reported that Norway had yet to enact ‘Stage 3’ sectoral sanctions against Russia and would likely do so imminently. In light of the continued deteriorating situation in Ukraine, Norway enacted Forskrift 2014-08-15-1076 concerning restrictive measures that undermine or threaten Ukraine’s territorial integrity, sovereignty, independence and stability (the “Regulation”) on 15 August, which entered into force immediately. In a press release of the same date, the Norwegian Minister of Foreign Affairs Børge Brende…
On 25 and 29 July, the Norwegian Ministry of Foreign Affairs published two amending regulations (Forskrifts) (see here and here) which add further designations to the Norwegian sanctions list under the Norwegian Sanctions Act. These regulations mirror those of the EU and these new designations have already been targeted by the EU. Please note that the EU designations of 30 July set out in EU Implementing Regulation 826/2014 do not yet appear to have been…
On 28 July 2014, Japan announced a new wave of sanctions, targeting Russian individuals and entities involved in the annexation of Crimea. Assets held by such persons in Japan are expected to be frozen. Chief Cabinet Secretary Yoshihide Suga also announced that Japan will cease funding future public-sector projects in Russia – this follows the European Council’s recommendation for the European Investment Bank and European Bank for Reconstruction and Development to similarly restrict such financing…