On 22 May 2022, the Parliament of Ukraine adopted draft law No. 7313 (“Draft Law”) aiming to prevent the turnover of pharmaceuticals manufactured in Russia or Belarus, or marketed by marketing authorization holders affiliated or otherwise related to companies with pharmaceutical manufacturing in these countries. To become effective, the Draft Law would need to be signed by the president of Ukraine and published in the official gazette. The Draft Law will come into force on…

Effective as of 24 May 2022, the Ukrainian sanctions legislation was amended to allow expropriation without compensation of assets owned directly or indirectly by the sanctioned individuals and legal entities that pose a significant threat to the national security, sovereignty or territorial integrity of Ukraine, or facilitate such actions being committed by other persons. Grounds for expropriation From 24 May 2022, and until martial law in Ukraine is lifted, the Ukrainian courts are allowed to…

On May 18, Canada amended its sanctions measures imposed on Russia by designating an additional fourteen individuals under Schedule 1. The new individual designations consist of persons identified by the Government of Canada as oligarchs, close associates of the Russian regime, and members of their family. As well, on May 17, the Government of Canada announced it will take legislative action to ban persons subject to sanctions in Canada and any accompanying family members from…

The Japanese government introduced further sanctions against Russia on 10 May 2022. These include: Designations of additional Russian individuals and entities The Japanese government designated an additional 8 individuals related to the Russian Federation and 133 individuals of People’s Republic of Donetsk and People’s Republic of Luhansk and subjected them to the following sanctions: Restrictions on payments – a license is required to make a payment to the designated persons or entities.      Restrictions on capital transactions…