On 18 July 2025, the UK Government announced a lowering of the Oil Price Cap (“OPC”) to further inhibit Russia’s ability to use oil revenues to finance its illegal invasion of Ukraine. The OPC was first introduced in December 2022 to reduce Russia’s oil revenues in response to the invasion of Ukraine that same year. The OPC prevents G7 companies from shipping, insuring or servicing any Russian crude oil sold above the OPC price of…
On 17 July 2025, the UK Office of Financial Sanctions Implementation (“OFSI”) launched a series of new online forms for parties looking to submit licence applications or report information such as suspected breaches of financial sanctions.  The new forms aim to streamline the submission process and to avoid incomplete or incorrect submissions through the introduction of mandatory fields and built-in guidance notes, thereby reducing the need for follow-up questions and enabling OFSI to provide…
On 2 April 2025, the Swiss Federal Council announced an update to the Swiss dual-use goods control lists. This change represents a noteworthy departure from the international export control regimes that have traditionally consensually updated these lists but that are currently blocked due to ongoing geopolitical tensions. As a result, Switzerland has now issued revised lists in line with key trade partners. Dual-use goods are goods that can be used for both civilian and military…
In a context of increasing trade barriers to Brazilian exports, especially the additional tariffs imposed by the United States (US Reciprocal Tariffs) that include Brazilian exports, in addition to environmental restrictions on the export of Brazilian products by the European Union and other countries (such as the Carbon Border Adjustment Mechanism (CBAM) and other carbon control mechanisms (e.g. UK CBAM), imposed by the European Union and other countries), Law No. 15.122/2025 (known as the “Economic Reciprocity Law”)…