Having focused on the enforcement of sanctions by Australia, Ukraine, and Switzerland in the past weeks, we now turn our attention to the sanctions enforcement trends in the Netherlands. Recent sanctions enforcement trends in the Netherlands are mainly focused on Russia. Although the Dutch government previously already took a more restrictive (sanctions) policy position towards Russia, this is particularly the case since the Russian invasion of Ukraine last year. According to a letter to parliament of February 2023,…
Having focused on the enforcement of sanctions by Australia and Ukraine in the past weeks, we now turn our attention to the sanctions enforcement trends in Switzerland. The State Secretariat for Economic Affairs (“SECO”) is responsible for the enforcement of violations under the Federal Act on the Implementation of International Sanctions (“Embargo Act”; accessible here) and thus also for violations under the Ordinance on Measures in connection with the situation in the Ukraine (“Swiss Ordinance”; accessible…
Following the inaugural post for the new Sanctions Enforcement Around the World blog series focused on enforcement trends in Australia, we now turn our attention to the sanctions enforcement trends in Ukraine. 1. What are recent sanctions enforcement trends in Ukraine? In response to the full-scale Russian military invasion of Ukraine in February 2022, Ukraine has significantly enhanced both its sanctions legislation and enforcement practice. To recap, the following are the key legislative developments aiming…
Over the past eight weeks, following the announcement of the G7’s Sanctions Enforcement Coordination Mechanism, we have journeyed to our offices in each of the G7 members to ask our local sanctions experts to weigh in on what companies should know about sanctions enforcement in their jurisdiction — and what companies should be doing today to prepare — in light of the increase in sanctions enforcement, which we are already seeing on the ground. By…