Baker McKenzieâs Global Trade and Sanctions Practice will be hosting a webinar on the possible developments in US, EU and UK Russia sanctions policy that may occur over the coming months.This 45-minute webinar will take place Wednesday, 19 March 2025 at 3:00 PM CET / 10:00 AM EDT.It has been reported that the Trump administration has asked the US State and Treasury departments to provide a list of sanctions that could be eased as part of a plan…
On 21 August 2024, the Swiss Federal Council announced the adoption of certain measures included in the European Commission’s 14th package of sanctions against Russia, which will enter into force on 27 August 2024 (the official media release is available here). The adoption of further measures of the 14th EU package is currently under consideration by the Swiss Federal Council. The newly adopted measures mainly consist in (i) an alignment with the EU diamond ban,…
As part of the EUâs 12th package of sanctions against Russia, adopted on 19 December 2023 (see our previous blog post here), the EU introduced a requirement under Article 12g of Regulation 833/2014 which requires EU exporters to include wording in certain goods contracts prohibiting the re-export of the goods to Russia and providing for âadequate remediesâ in the event of a breach, in order to combat the circumvention of EU export bans and more…
On Monday 5th June, the EU published an amendment to the existing sanctions against Russia, which came into force on Monday 5th June. The implementing regulation is available here. These measures permit the designation of leading business persons operating in Russia, along with: These amendments were made on the basis that leading Russian business persons have engaged in a systematic practice of distributing their funds and assets amongst their immediate family members and others in…