On February 24, 2023, Canada announced additional amendments to the Special Economic Measures (Russia) Regulations (the “Regulations”) in response to individuals and entities “complicit in Russia’s ongoing war against Ukraine”. These amendments list an additional 129 individuals and 63 entities under Schedule 1 of the Regulations. These amendments also prohibit the export to Russia of certain chemical elements for use in electronics,[1] and ban the import, purchase, or acquisition of Russian arms, ammunition, and other…
On February 24, 2023, the US Government alongside G7 leaders announced via a White House statement a new set of trade and economic measures targeting Russia and Belarus and support for Ukraine. These measures were announced to mark the one-year anniversary of the Russian invasion of Ukraine and include the following: The US Treasury Department’s Office of Foreign Assets Control (“OFAC”) (i) issued a new determination authorizing the imposition of sanctions targeting the Russian metals…
In the second session of our 2023 International Trade and Supply Chain Webinar Series, partners Sunny Mann, Alison Stafford Powell, Paul Amberg, Jannan Crozier and Ed Poulton will be hosting a webinar on February 28th to discuss “Key Lessons from the Russia/Ukraine Crisis: Preparing for the Next Geopolitical Event”. Drawing on their experience advising numerous multinationals over the past year on this topic, our team will provide their insights and practical guidance on how to…
The Japanese government introduced further sanctions against Russia on 27 January 2023. These include: Designations of additional Russian individuals and entities The Japanese government designated an additional 22 individuals and 3 entities related to the Russian Federation and 14 individuals who were judged to be directly related with the “annexation” of the Autonomous Republic of Crimea and Sevastopol or the destabilization of the eastern part of Ukraine or who are connected with the eastern and…